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Accor SA

XPAR:AC (France)   Ordinary Shares
€ 40.47 (-2.41%) May 9
18.68
P/B:
2.12
Market Cap:
€ 9.81B ($ 10.57B)
Enterprise V:
€ 11.89B ($ 12.82B)
Volume:
666.55K
Avg Vol (2M):
967.16K
Also Trade In:
Volume:
666.55K

Business Description

Description
Accor operates 821,518 rooms across roughly 50 brands addressing the economy through luxury segments as of Dec. 31, 2023. Ibis (economy scale) is the largest brand (35% of total rooms at the end of 2023), followed by midscale brands Mercure (16%) and Novotel (13%). FRHI offers additional luxury and North American exposure. After the sale of the majority of HotelInvest (owned assets) in 2018-19, the majority of total EBITDA comes from asset-light managed and franchised hotels. Europe and North Africa represent 44% of rooms, Asia-Pacific 34%, the Americas 13%, and India, Middle East, and Africa 10%. Premium, midscale, and economy are 86% of total rooms, while luxury and lifestyle are the remaining 14%.