|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||45.45 - 45.45|
|52 Week Range||37.00 - 47.50|
|Beta (5Y Monthly)||1.03|
|PE Ratio (TTM)||4.60|
|Forward Dividend & Yield||1.18 (2.59%)|
|Ex-Dividend Date||May 09, 2019|
|1y Target Est||N/A|
A whopping $200 billion was wiped from European stocks at the start of this week as the deadly coronavirus prompted investors to cut back exposure to companies with a strong presence in China, the world's fastest-growing consumer market. Hundreds of millions of people have been preparing to travel for the Chinese holidays, stoking concerns infection rates may accelerate during the period - which is also a peak retail season in China and overseas. The virus - which Chinese President Xi Jinping has described as a "devil" - has had a bigger impact on European companies than their U.S. peers due to their high revenue exposure to China.
Sabre Corporation (NASDAQ: SABR), the leading software and technology company powering the global travel industry, and Accor, the world-leading augmented hospitality group offering unique experiences in more than 5000 hotels and residences across 110 destinations, today announced that they intend to create the first unified central reservation (CR) and property management (PM) platform for the global hospitality industry.
Buying a low-cost index fund will get you the average market return. But in any diversified portfolio of stocks...
When British billionaire Richard Branson announced in 2010 that he would create the Virgin Hotels lifestyle brand, he promised that it would disrupt the hospitality industry. The brand made its splashy debut in Chicago in 2015. Branson flew in for it, conducting interviews with journalists in the Shag Room of The Commons Club with no […]
Accor is selling half its stake in Huazhu Group, its strategic partner in China, for $451 million. It will retain a 5.8 percent stake in the Nasdaq-listed multi-brand Chinese hotel company, which last month entered into an agreement to buy Frankfurt-based Deutsche Hospitality for about $777 million (700 million euros). A statement from Accor said […]
Short-term home rental company Airbnb Inc has joined the ranks of leading sponsors of the Olympic Games with a nine year deal to help provide accommodation for the world's biggest sporting event and cut the cost for host cities. Airbnb said on Monday the partnership with the International Olympic Committee (IOC) would run from the Tokyo games next year until 2028 and cover five Olympics and Paralympics events.
French hospitality giant Accor has partnered with Alibaba Group, a global retail commerce business, to develop digital applications and loyalty programs to appeal to Chinese consumers over the next five years. Alibaba has about 700 million consumers in China, giving Accor an entrée into a lucrative market. Alibaba has a travel arm called Fliggy that […]
How far off is Accor SA (EPA:AC) from its intrinsic value? Using the most recent financial data, we'll take a look at...
Here’s a quick test: Which global hotel chain has the most number of brands? Most people would probably say Marriott International after it acquired Starwood Hotels & Resorts. But Accor actually has more brands than Marriott today, thanks to its acquisitive CEO Sébastien Bazin, who has also encouraged the birth of new Accor brands, the […]
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
U.S. hospitality group Host Hotels & Resorts Inc plans to sell its three hotels in Rio de Janeiro and exit the Brazil market, three people familiar with the matter said, as it unloads weaker assets and focuses on its core North American operations. The decision underscores how investments made in Rio ahead of the 2016 Olympic Games have turned into white elephants in a city plagued by rising violence and public finances in disarray. In 1993, the Marriott Corp split into two publicly held companies, investing the lodging real estate in Host Marriott, later renamed to Host Hotels.
Goldman Sachs is in talks to buy B&B Hotels from private equity firm PAI Partners, the companies said on Monday, in a deal which an earlier report from the Financial Times said could be worth 1.9 billion ...
“So, have you heard that Marriott might buy Accor?” That’s what a trusted former colleague and hospitality industry expert told me last week, after hearing the same from multiple sources. At first, it seemed highly improbable, perhaps even incredulous. Like Bernstein Senior Analyst Richard Clarke, who covers European hotels and leisure, my initial reaction was: […] The post Is Accor the Next Starwood? What’s Next for Hotel Mergers appeared first on Skift.
You might think that the co-founder of a lifestyle hotel brand like 25hours might embrace emerging hospitality concepts such as homesharing, co-living, and co-working. But for Christoph Hoffman, CEO of Hamburg-based 25hours Hotels — even though those ideas might be dominating chatter among investors and developers — there’s a danger in everyone chasing the same […] The post Co-Living and Co-Working Are Gimmicks, Declares 25hours Hotels CEO appeared first on Skift.
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.