|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||37.68 - 38.00|
|52 Week Range||35.24 - 48.95|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||4.98|
|Earnings Date||Feb 19, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||1.05 (2.80%)|
|1y Target Est||49.50|
The chief executive of Accor said it would be complicated for the French hotels group if Chinese shareholder and fellow hotel operator Shanghai Jin Jiang Hotels sought a board seat. CEO Sebastien Bazin told French weekend newspaper Le Journal du Dimanche that the Chinese group had not so far requested a board seat at Accor, whose portfolio include Raffles, Sofitel and Pullman hotels. The Chinese group is Accor's biggest shareholder with a nearly 12 percent stake and voting rights of nearly 18 percent, according to a regulatory filing last October.
International hotel operator Accor opened an internal investigation into allegations that one of its hotels in Australia had a policy of putting Aboriginal guests into dirty, poorly maintained rooms.
GOLD COAST, AUSTRALIA HOME TO FIRST INTERNATIONAL HYDE VENUE IN PARTNERSHIP WITH ACCOR NEW YORK , March 6, 2019 /PRNewswire/ -- Accor has chosen Australia as the first Asia Pacific market to expand its ...
Hot on the heels of Accor’s announcement of a new midscale brand, Tribe, comes another addition to the French hospitality company’s portfolio. Through its 50 percent stake in SBE Entertainment Group, Accor is launching a luxury lifestyle brand called The House of Originals, the company announced Tuesday. Both of these launches are not quite as […] The post Accor Taps SBE for New Luxury Lifestyle Brand appeared first on Skift.
Hotel brands Accor and Marriott are teaming up with two of the most celebrated soccer clubs in Europe, in a push to market their new loyalty programs. Accor launched its revamped loyalty program Thursday, Accor Live Limitless, by announcing it as the main sponsor of French soccer club Paris Saint-Germain. On the same day, Marriott […] The post Marriott and Accor Each Have a New Partnership With European Football Giants appeared first on Skift.
After channeling his energies in the last two years toward mergers and acquisitions, Accor CEO Sebastien Bazin is now turning more of his attention internally, The result is that Accor will be spending $255 million on a new loyalty program called ALL, which stands for “Accor Live Limitless.” Bazin, in an earnings call with analysts […] The post Accor Rebrands and Launches a New Loyalty Program appeared first on Skift.
NEW YORK, Feb. 21, 2019 /PRNewswire/ -- sbe, a leading international hospitality group that develops, manages and operates award-winning global hospitality brands, is delighted to announce their latest collaboration with AccorHotels. This is just the beginning of sbe's restaurant brand collaboration within AccorHotels and the first step to fully integrating sbe's brands into the AccorHotels ecosystem.
AccorHotels, Europe's largest hotel company, posted record operating profits for 2018, helped by cost controls and robust demand in most key regions including France and Brazil. The French company said it would invest 225 million euros (£195 million) over coming years to support new initiatives to boost its presence in hospitality and entertainment services. The programme is expected to reach breakeven in 2021 and the group expects it will help it exceed its 2022 core earnings or EBITDA target of 1.2 billion euros that was presented last November.
Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! With a market capitalization of €11b, Accor SA (EPA:AC) isRead More...
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return Read More...
What traditional hotel companies once dismissed or derided, some are now welcoming with open arms. But not all hotels are finding it easy to embrace homesharing, or incorporate it into their business plans. One of the earliest adopters, AccorHotels, has struggled to turn a profit from its $169 million acquisition of luxury home rental platform […] The post Hotels Finally Embrace Homesharing: Now What? appeared first on Skift.
In the luxury hotel space, AccorHotels and Marriott have some new competition. French luxury conglomerate LVMH, the company behind such iconic brands as Dom Perignon and Louis Vuitton, wasn’t the most obvious of suitors for the storied Belmond collection of 46 luxury hotels, trains, and cruises, which were formerly known as Orient-Express. In fact, most […] The post What LVMH’s Belmond Buy Means for the Future of Luxury Travel appeared first on Skift.
The anti-government protests convulsing France will slow growth to close to a standstill in the final quarter, the central bank said on Monday, complicating President Emmanuel Macron's task of finding concessions to placate the "yellow vest" movement. The Bank of France on Monday forecast the euro zone's number two economy would eke out growth of only 0.2 percent in the quarter from the previous three months, down from 0.4 percent in a previous estimate. Finance Minister Bruno Le Maire declined to give an estimate for 2018 growth but forecast the nationwide tumult would trim 0.1 percent of a point off of national output.
France braced on Friday for another wave of protests against high living costs that could inflict more pain on tourism and transport stocks in the euro zone's No. 2 economy, after retailers, airlines and hoteliers suffered their worst week in months. Air France KLM (AIRF.PA), supermarket chain Carrefour and electronics store FNAC Darty (FNAC.PA) have borne the brunt of the selling this week, underperforming their peers as the busy Christmas holiday season begins. "The yellow vest protesters could scare away tourists and hit Accor and Air France, while the consumer sector will be hit as many French people will be put off from going out," said Meriem Mokdad, fund manager at Roche Brune Asset Management.
LONDON/PARIS (Reuters) - French stocks sensitive to the economy and to tourism fell in an otherwise buoyant market on Monday after the worst riots in decades swept Paris, stirring concerns about the possible damage from visitors steering clear of the capital. Supermarket Carrefour and highway operator Vinci were the worst-performing, down 2.1 and 2.6 percent respectively. Shares in hotel chain Accor and airline Air France fell by 1.6 and 2.7 percent.
Chinese police said on Wednesday they had arrested a 30-year-old man in connection with the theft of client information from Shanghai-based hotel operator Huazhu Group. Shanghai police said on Aug. 29 that they were investigating a possible data breach at Huazhu Group after state media said nearly 500 million pieces of customer-related information from the hotel operator had emerged in an online post. Shanghai police, in a statement on their official Weibo account on Wednesday, said a man had been arrested and charged with stealing data from Huazhu Group, adding that he had tried to sell the data but was unsuccessful.
** British turnaround firm Melrose is considering a series of sales of GKN businesses after clinching an 8 billion pound ($10.5 billion) hostile takeover of the aerospace and automotive parts supplier earlier this year, sources familiar with the matter told Reuters. ** Kering does not intend to sell off any more of its smaller fashion brands beyond the ones already on their way out, the group's managing director Jean-Francois Palus said.
AccorHotels (ACCP.PA), Europe's largest hotelier, said it had abandoned plans to buy a minority stake in Air France-KLM (AIRF.PA), which has been hit by boardroom and staff unrest. While some investors said they saw sense in a tie-up between AccorHotels and Air France-KLM, notably through cooperation on loyalty programmes, others had questioned why Accor would need to buy a stake in the troubled airline. The airline has been hunting for a new boss to fill a gap left by the abrupt departure of chief executive Jean-Marc Janaillac in May, after staff rejected a pay proposal aimed at ending strikes that have resulted in heavy losses.
AccorHotels is joining forces with Qatar's Katara Hospitality to create a $1 billion fund to invest in sub-Sahara Africa, Europe's biggest hotels operator said on Monday. Rivals Hilton Worldwide Holdings Inc and Hyatt Hotels & Resorts are also taking aim at Africa where the International Monetary Fund (IMF) has forecast economic growth in sub-Saharan Africa of 3.4 percent this year, up from 2.8 percent in 2017.