Accor : What to expect from the Q1 2024 release? (25 April after trading)
>Still solid trends in Q1: demand normalising at a high level overall and upside in ME and ASPAC - Accor is due to report its Q1 2024 revenues on 25 April after trading. We expect sales of € 1.197bn (consensus € 1.216bn), driven by another quarter of solid RevPAR growth, at +7.2%e (consensus +7.5%). This is based on a normalisation of RevPAR growth in low single digits in Europe, the US and South America, while the Middle East and ASPAC zones are seeing stronger grow...Accor is a hotel operator. Co. offers its guests and partners the expertise of a hotel operator and brand franchisor (HotelServices) and a hotel owner and investor (HotelInvest). Co. divides its activities into three segments: Luxury-upscale, Midscale and Economy. Luxury-upscale makes up 11% of Co.'s portfolio and comprises brands such as Sofitel, Pullman, MGallery, and Grand Mercure; Midscale makes up 43% of its portfolio and comprises the Novotel, Suite Novotel, Mercure and Adagio brands; and Economy makes up 46% the Co.'s portfolio, comprising the brands ibis, ibis Styles, ibis budget and hotelF1. At Dec 31 2013 Co. operated around 3,600 hotels and 460,000 rooms in 92 countries.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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