Last €35.61 EUR
Change Today -0.31 / -0.86%
Volume 140.0
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accor sa (ACR) Snapshot

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06/6/14 - €39.48
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08/29/13 - €27.44
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accor sa (ACR) Details

Accor SA provides upscale, midscale, and economy hotel services worldwide. The company operates a portfolio of hotels ranging from luxury to budget under the Sofitel, Pullman, MGallery, Grand Mercure, Novotel, Suite Novotel, Mercure, Adagio, ibis, ibis Styles, ibis budget, and hotelF1 brands. It is also involved in casinos business. As of February 20, 2013, the company operated approximately 3,600 hotels and 460,000 rooms in 92 countries. Accor SA was founded in 1967 and is headquartered in Paris, France.

Founded in 1967

accor sa (ACR) Top Compensated Officers

Chairman and Chief Executive
Total Annual Compensation: €799.2K
Deputy Chief Executive Officer of Transformat...
Total Annual Compensation: €50.0K
Compensation as of Fiscal Year 2013.

accor sa (ACR) Key Developments

Telekom Malaysia and Accor Jointly Launches Service Offerings for Respective Customers

Telekom Malaysia and Accor announced that it have signed a partnership agreement to jointly launch service offerings for their respective customers. Telekom Malaysia and Accor will jointly provide products and services, loyalty programmes, corporate collaborations, joint marketing and promotions, earned media value, as well as additional benefits for both parties' employees. The agreement also covers the provisioning of Telekom Malaysia's services to hotels under Accor, including the 'Hospitality Entertainment Solution', an ICT and entertainment package from Telekom Malaysia. The Hospitality Entertainment Solution platform comprises in-building broadband services, the HyppTV IPTV service, and a call centre service, powered by Telekom Malaysia's broadband network.

Action Hotels Announces Accor as its Partner for the First Novotel Branded Hotel in Kuwait

Action Hotels announced Accor for the management of the new 160 room freehold hotel which will be built in the prime business district of Sharq in Kuwait City. The hotel will be a four star offering and will be branded as a Novotel which is the mid-scale hotel brand within the Accor portfolio. Construction of the hotel is scheduled to commence in first half of 2015 with completion expected in 2017.  The development of this freehold hotel is currently expected to cost approximately $29 million, an average of $181,000 per room, in addition to the $12.3 million already paid to secure the plot of land. The Board is considering various funding options which are likely to include locally sourced long term bank debt secured on the hotel and other of AHC's debt-free freeholds. As previously announced, the Novotel Kuwait is in addition to the pipeline of hotels announced at the time of IPO and will increase Action's room count to 2,660. The Company will continue to pursue opportunistic prime leasing and acquisition targets across the GCC and remains committed to its target of having 5,000 hotel rooms by 2020.

Accor S.A. Announces Revenue Results for the Second Quarter and First Half Ended June 30, 2014

Accor S.A. announced revenue results for the second quarter and first half ended June 30, 2014. For the quarter, revenue was EUR 1,458 million against EUR 1,439 million for the same period a year ago. At constant scope of consolidation and exchange rates (like-for-like), second-quarter revenue rose by 3.3%. For the period, revenue was EUR 2,593 million against EUR 2,640 million for the same period a year ago. At constant scope of consolidation and exchange rates (like-for-like), first-half revenue rose by 2.8%, due to favorable demand in the majority of the Group's key markets.


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