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Accor SA

WBO:AC (France)   Ordinary Shares
€ 42.20 (+2.55%) Apr 25
19.47
P/B:
2.22
Market Cap:
€ 10.11B ($ 10.81B)
Enterprise V:
€ 12.19B ($ 13.05B)
Volume:
-
Avg Vol (2M):
-
Also Trade In:

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%.