|Bid||38.000 x 10000|
|Ask||38.650 x 22600|
|Day's Range||41.795 - 42.425|
|52 Week Range||32.120 - 42.900|
|PE Ratio (TTM)||48.02|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
When Paris's landmark Hotel de Crillon reopens in July after a four-year 200 million euro ($222 million) revamp, it will be hoping to catch a rebound in the luxury hotel trade after a wave of bloody street attacks drove away big-paying tourists. Industry figures suggest that tourism in the French capital is recovering after heavy falls in late 2015 and much of 2016, though some experts caution that luxury hotels may have to wait up to five years before trade returns to normal levels. With the luxury end of the market relying heavily on foreign visitors, the likes of Hotel de Crillon have been hit hardest by the drop in tourists after the Islamist attacks.
The shareholders of AccorHotels (ACCP.PA) on Friday granted former French President Nicolas Sarkozy a seat on the board of Europe's largest hotel group, and rejected a bid to block long-term shareholders from getting more double voting rights. Chairman and CEO Sebastien Bazin reiterated at the annual shareholders meeting that double voting rights were a good way to foster loyalty and stability among shareholders.. "We have a solid and extremely diversified shareholder basis," he said.
AccorHotels (ACCP.PA) faces a battle at its annual shareholder meeting on Friday as a group of investors tries to block the granting of double voting rights to some long-term shareholders. Europe's largest hotel group has seen some big changes in its shareholder base recently, with investors from China, Saudi Arabia and Qatar now holding a combined 29 percent stake. Soon, these shareholders - which include Chinese competitor Shanghai Jin Jiang - could qualify for double voting rights under rules adopted by the French company.