USX:ACRFF - Accor SA Accor SA
Sector: Consumer Discretionary, Industry: Hotels, Resorts & Cruise Lines
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USD 46.85    +0.18 (+0.39%)

28 Mar 2024


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General

CEO: Mr. Sebastien Marie Christophe Bazin

Headquarters: US

Employees: 17,334

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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%.

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