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Accor H1 EBITDA Turns To Loss Of EUR 227 Million
Hotels group Accor tells shareholders at AGM of slow and limited recovery
More Than 50% Of Accor's Hotels In France Are Now Open
Accor SA is a France-based hospitality group. It operates through three divisions: Hotel Services, Hotel Assets & Other and New Businesses. Hotel Services covers the activities of hotel management and franchise providing various services to its franchisees and hotels under management, such as the use of its brands, access to the centralized booking and purchasing system and to Accor Academie for employee training, among others. Hotel Assets & Other covers the owned and leased hotels activities, such as hotel design, construction, refurbishment and maintenance, among others. New Businesses offers digital solutions to independent hotels and restaurant owners, hotel booking services for companies and travel agencies, concierge services, digital sales for luxury and upscale hotel rooms and breaks and luxury home rentals owning a portfolio of more than 5,000 addresses worldwide. It operates globally owning more than 35 brands, from luxury to economy and more than 4,800 hotels.
Hotels & Motels
82 rue de Henri Farman
Chairman of the Board, Chief Executive Officer, Member of the Executive Committee
Deputy Chief Executive Officer, Finance, Strategy, Legal, Communications and Procurement, Member of the Executive Committee
Chris J. Cahill
Deputy Chief Executive Officer, Hotel Operations, Member of the Executive Committee
Vice Chairman of the Board, Senior Independent Director
Chief Digital Officer in Charge of Digital, Distribution, Sales and Information Systems, Member of the Executive Committee
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Europe's biggest hotel group Accor plans to cut 1,000 jobs as part of a 200 million euro ($236 million) per year cost saving plan to mitigate the impact of the coronavirus crisis. Accor, which runs high-end chains such as Raffles and Sofitel as well as budget brands such...
Europe's biggest hotel group Accor plans to lay off 1,000 staff, as lockdown measures and border closures implemented around the world to tackle the coronavirus pandemic weighed on its first-half results, it said on Tuesday. Accor, which owns brands such as Ibis and Movenpick...
* MARKS A RESUMPTION OF ACTIVITY IN SEVERAL OF HOSPITALITY INDUSTRY’S MARKETS IN MAY, WITH STEADY INCREASE IN NUMBER OF HOTELS REOPENING THEIR DOORS IN JUNE
French hotel company Accor <ACCP.PA> - one of many in the tourism sector to have been hit hard by the impact of the coronavirus - said on Monday it had secured a new 560 million euros ($606 million) banking credit facility.
French hotel company Accor - one of many in the tourism sector to have been hit hard by the impact of the coronavirus - said on Monday it had secured a new 560 million euros ($605.9 million) banking credit facility.
France's Accor, which runs hotels such as Ibis and Movenpick, said on Friday it would offer its clients free access to online medical consultations run by insurer AXA as it prepares for a recovery from the coronavirus crisis.
French hotel group Accor said that from July onwards this year, it would offer its clients free access to online medical consultations, run by insurer AXA, as Accor prepares for an eventual recovery from the coronavirus crisis.
AccorInvest, the real estate offshoot of French hotel group Accor <ACCP.PA>, on Thursday said it had explored the possibility of tapping a French government-guaranteed loan programme but had decided not to pursue an aid package for now.
Accor, which has closed hotels around the world due to lockdowns during the coronavirus pandemic, expects April and May to be its toughest months as it awaits clarity on them being lifted.
Accor, hit hard by the coronavirus crisis which has forced it to close hotels worldwide, said on Wednesday it faced its toughest months of losses yet in April and May amid uncertainty over when governments will lift lockdown measures.
* Accor and Bureau Veritas launch a label based on sanitary measures to support the return to business in the hospitality and restaurant industry
French hospitality group Accor <ACCP.PA> has sufficient cash to operate through the coronavirus crisis, its chief executive said on Monday.
French hospitality group Accor said on Thursday it would cancel its planned dividend payout against 2019 earnings due to the coronavirus health crisis, which will see it shutter two thirds of its hotels in the coming weeks.
* SOME OF OUR HOTELS IN CYPRUS OPERATED BY VOYAGER AND ACCOR HALTS ACTIVITIES DUE TO CORONAVIRUS OUTBREAK Source text for Eikon: Further company coverage: (Gdansk Newsroom)
* SETTING UP A NATIONAL PLATFORM TO PROVIDE HEALTHCARE PERSONNEL AND UNDERPRIVILEGED POPULATIONS WITH ACCOMMODATION SOLUTIONS IN THE GROUP'S HOTELS
Street protests in Hong Kong put a brake on Accor's revenue growth in 2019, and the group behind chains including Movenpick and Ibis expects a further impact in China this year where many of its hotels are not taking reservations.
Accor said on Thursday that street protests in Hong Kong and transport strikes in France had weighed on its performance in 2019, as revenues and profits at Europe's largest hotel group grew slightly more slowly than expected.
Accor <ACCP.PA>, Europe's largest hotel group, said on Tuesday it was joining forces with American card giant Visa <V.N> to offer a payment card to members of its lifestyle loyalty program named ALL-Accor Live Limitless.
French hotels group Accor said on Monday that it was launching a 300 million euros ($333 million) share buyback programme.
* SAID ON MONDAY ACCOR HAS SIGNED A BINDING AGREEMENT TO SELL 85,8% STAKE IN THE COMPANY TO ACCORINVEST GROUP
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