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Accor SA (ACCP.PA)

ACCP.PA on Paris Stock Exchange

37.88EUR
16 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Accor still eyes 2019 RevPAR growth of around 3% - deputy CEO
Wednesday, 31 Jul 2019 

July 31 (Reuters) - Accor SA deputy CEO and CFO Jean-Jacques Morin tells a conference call::SAYS STILL EXPECTS 2019 GROUP REVPAR GROWTH OF AROUND 3% - DEPUTY CEO.DEPUTY CEO SAYS EXPECTS ASIA-PACIFIC REVPAR TO IMPROVE IN H2, AUSTRALIA TO STABILISE BUT CHINA MORE DIFFICULT.DEPUTY CEO SAYS CONFIRMS TARGET FOR 2022 EBITDA OF 1.2 BILLION EUROS.  Full Article

Accor And Meetago Sign International Partnership
Tuesday, 21 May 2019 

May 21 (Reuters) - ACCOR SA ::ACCOR AND MEETAGO HAVE SIGNED AN INTERNATIONAL PARTNERSHIP.ACCOR AND MEETAGO ARE STARTING UP A JOINT CONNECTIVITY SOLUTION, WHICH WILL BE OFFERED TO MORE THAN 1,600 MEETING HOTELS WORLDWIDE.  Full Article

Orbis Decides To Start Analyses On Separation Of Activities
Tuesday, 19 Mar 2019 

March 19 (Reuters) - Orbis SA ::DECIDES TO START ANALYSES REGARDING SEPARATION OF ACTIVITIES BASED ON REAL ESTATE POSSESSION (ASSET HEAVY) FROM HOTEL MANAGEMENT AND OTHER.SAYS SIGNS COOPERATION AGREEMENT WITH ACCOR UNDER WHICH ACCOR WILL ADVISE CO ON THE ABOVE ANALYSES.  Full Article

Accor Announces Tender Offer For Orbis SA Shares Priced At 87 Zlotys/Share
Monday, 26 Nov 2018 

Nov 26 (Reuters) - Accor SA :ACCOR SA ANNOUNCES TENDER OFFER FOR ORBIS SA SHARES PRICED AT 87 ZLOTYS/SHARE - OFFER DOCUMENT.ACCOR SA PLANS TO BUY 21.8 MILLION ORBIS SA SHARES, INCREASING ITS STAKE TO 100% - OFFER DOCUMENT.  Full Article

AccorHotels signs new 1.2 billion euros banking credit facility
Monday, 2 Jul 2018 

July 2 (Reuters) - Accor SA ::* AccorHotels today announced that it has signed an agreement with a consortium of 15 banks for a new €1.2bn Revolving Credit Facility, which margin will be notably dependent on the group’s performance in terms of Environment, Social and Governance (ESG). .* New facility has a five-year tenor with two one-year extension options to be exercised in 2019 and 2020.* It replaces the undrawn €1.8bn facility signed in June 2014, that had been reduced to €1.2bn following the completion of the AccorInvest disposal.* New credit facility will reinforce AccorHotels' liquidity and increase the average maturity of its financial resources .  Full Article

Accorhotels Announces Strategic Partnership With Dalmata Hospitality
Monday, 11 Jun 2018 

June 11 (Reuters) - ACCORHOTELS ::ANNOUNCES STRATEGIC PARTNERSHIP WITH DALMATA HOSPITALITY.DALMATA HOSPITALITY WILL PUT 20 OF ITS HOTELS HELD AS FRANCHISES UNDER BRANDS ACCORHOTELS IBIS STYLES, IBIS, IBIS BUDGET AND HOTELF1.  Full Article

Mantra Group Says Acquisition by AAPC Complete
Thursday, 31 May 2018 

May 31 (Reuters) - Accor SA ::SCHEME OF ARRANGEMENT UNDER WHICH MANTRA WILL BE ACQUIRED BY AAPC LIMITED HAS BEEN IMPLEMENTED.  Full Article

AccorHotels completes previously announced acquisition of Mantra Group
Thursday, 31 May 2018 

May 31 (Reuters) - Accor SA ::* Scheme of arrangement with Mantra Group has been implemented.* Total consideration for the transaction was AU$1.3bn .* AccorHotels is now the only shareholder in Mantra .  Full Article

AccorHotels CEO sees no exceptional dividend but acquisitions
Friday, 20 Apr 2018 

April 20 (Reuters) - Accor SA CEO Sebastien Bazin tells shareholders when asked about use of 4.4 billion euros in cash generated by sale of 55 pct stake of AccorInvest property businesss::Says best use of cash is making acquisitions, group decided not appropriate to have exceptional dividend.Group has already anounced will return cash to shareholders through 1.35 billion euros in share buybacks, group prefers to reward shareholdrs loyalty.AccorHotels could see its operating profit double as well as its share price double within 5 years .  Full Article

AccorHotels acquires restaurant reservation platform ResDiary
Friday, 6 Apr 2018 

April 9 (Reuters) - Accor SA ::* AccorHotels today announces that it has completed the acquisition of table reservation system, ResDiary..* ResDiary is notably well established in the Asia Pacific region as well as in the UK, and has a footprint in 60 countries globally, seating 166 million diners a year in over 8,600 venues. The company has generated profits for 6 years, adds Accor.  Full Article

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InterContinental plays down impact in China of growing trade tensions

InterContinental Hotels Group played down any hit from the trade standoff between Beijing and Washington, saying few of its business customers in China were from outside the country and it was anyway well spread globally to absorb any impact.