Accor SA (ACRFF) Q3 2024 Earnings Call Transcript
Accor SA (OTCPK:ACRFF) Q3 2024 Earnings Call October 24, 2024 12:00 PM ET Company Participants Martine Gerow - Chief Financial Officer Conference Call Participants Vicki Stern - Barclays Julien Richer - Kepler Muneeba Kayani - Bank of America Jaina Mistry - Jefferies Leo Carrington - Citi Alex Brignall - Redburn Atlantic Estelle Weingrod - JPMorgan Andre Juillard - Deutsche Bank Operator Hello and welcome to Accor Group's Q3 2024 Revenue Conference Call. Please note this conference is being recorded.
Hotel Group Accor Says It's 'Betting Big' on China Tourism
Sebastien Bazin, Chairman and CEO of Accor Group, talks to Bloomberg's Haslinda Amin about his outlook for the hospitality industry. Bazin says he expects both domestic and outbound Chinese tourism to rebound in the year ahead.
Hotel Chain Accor: Chinese Tourists Spending Less Amid Slowdown
Chinese media reports say tourist spending and domestic travel improved over the 'Golden Week' holiday. Accor Greater China CEO Gary Rosen says the hotel group saw higher volumes but lower spending during the seven-day stretch.
Kylian Mbappe teams up with Accor for youth accommodation support
French soccer star Kylian Mbappe and Europe's biggest hotel group Accor have entered into a partnership to offer accommodation support for young people, they said on Monday.
Accor: Relatively Cheap Valuation, Strong Secular Tailwind
I give a buy rating for Accor as it benefits from a strong secular tailwind. ACCOR has a visible growth outlook given the size of its pipeline that should easily support 5% room count growth. ACRFF trades at attractive multiple compared to peers.
