- Accor’s Ebitda stands at €504 million for 1H 2024, surpassing estimates of €492.8 million, with a year-on-year increase of 13%.
- Revenue reached €2.68 billion, up 11% year-on-year, beating the estimated €2.59 billion.
- Revenue per available room (RevPAR) is €72.
- Occupancy rate is at 64.4%.
- Average daily room rate is €112.
- Ebit is €345 million, a 9.2% year-on-year increase, though slightly below the estimate of €352.7 million.
- Net income is €253 million, a 2% year-on-year improvement, exceeding the estimated €229 million.
- Forecast for the year sees Ebitda between €1.10 billion and €1.13 billion, aligning with estimates of €1.11 billion.
- RevPAR is expected to increase by 4% to 5%.
- Medium-term outlook remains unchanged as of June 27, 2023.
- China tourism has reported expected recovery, but this trend benefits South-East Asian destinations more than the domestic Chinese market.
A look at Accor SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Accor SA, a company operating hotel chains globally and providing various services such as human resources and marketing, has received a positive outlook based on Smartkarma Smart Scores. With a strong score in Growth and Momentum, Accor SA is positioned for long-term success, indicating potential for expansion and positive market performance.
The company’s balanced scores across Value, Dividend, and Resilience suggest stability and potential for sustainable growth. Accor SA‘s diversified operations in the hospitality industry, spanning from budget to upscale hotels, provide a solid foundation for future performance and resilience in the face of market challenges.
### Accor SA operates hotel chains and offers human resources, marketing, and expense management services. The Company operates hotels ranging from budget to upscale worldwide. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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