|Bid||38.00 x 10000|
|Ask||38.65 x 22600|
|Day's range||44.72 - 45.15|
|52-week range||36.81 - 46.79|
|PE ratio (TTM)||55.42|
|Earnings date||21 Feb 2018|
|Forward dividend & yield||1.05 (2.30%)|
|1y target est||47.57|
AccorHotels, Europe's largest hotel company, posted a forecast-beating 10.1 percent rise in like-for-like operating profits for 2017, helped by cost controls and robust demand in all key regions except Brazil. AccorHotels, which has more than 4,000 hotels ranging from the budget Ibis to the luxury Sofitel brand, competes with InterContinental, Marriott and Starwood. AccorHotels said earnings before interest and taxes (EBIT) reached 492 million euros ($606 million) in 2017.
The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- U.S. investment fund Starwood Capital Group and French hotel group ...
The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Comsa Concesionanes S.L., Mirova Core Infrastructure and Dutch ...
BRUSSELS, Dec 21 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- French aerospace group Safran to ...
The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Spanish energy company Companía Espanola de Petroleos, S.A.U. ...
The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Private equity firm Blackstone to acquire Portuguese bank Banco ...
The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- British budget carrier easyJet to acquire parts of German airline ...
Short-term rental website Airbnb, which has been challenging traditional hotel operators such as Accor (EUREX: 485822.EX - news) and Marriott, said it would automatically cap the number of days its hosts can rent their property each year in central Paris. The decision, which goes into effect in January and mirrors initiatives already in place in London and Amsterdam, will force hosts to effectively comply with France's official limit on short-term rentals of 120 days a year for a main residence. Airbnb and other rental platforms have also been criticised for driving up property prices and contributing to a housing shortage in some cities such as Paris or Berlin.
European shares ended the day in positive territory on Monday after a session in which promising euro zone economic data and rising oil prices failed to offset some earnings and corporate news disappointment. ...
Oil jumped to its highest in over two years on Monday as Saudi Arabia's crown prince cemented his power through a crackdown on corruption, while world shares eased a notch and major currencies traded in tight ranges. Oil prices reached their highest since July 2015 as Mohammed bin Salman's purge led to arrests of royals, ministers and investors including prominent billionaire investor Alwaleed bin Talal. The news stirred concerns of Middle Eastern money pulling out of global financial markets.
European shares steadied on Monday just off recent highs, following weaker Asian trading as and some earnings disappointments which took the shine off early trading. The pan-European STOXX 600 traded flat ...
RIYADH (Reuters) - Saudi Arabia's billionaire Prince Alwaleed bin Talal told CNBC on Monday he was not considering merging AccorHotels and Four Seasons Hotels and Resorts, in which his Kingdom Holding ...
Australia's competition regulator said on Wednesday it will review French hotelier Accor SA's (ACCP.PA) planned $920 million buyout of Australian hotel operator Mantra Group Ltd (MTR.AX). The Australian Competition and Consumer Commission (ACCC) said it is monitoring the transaction and a "public review will be commenced in due course once certain information is provided by Accor and Mantra". The deal, a takeover of Australia's second-largest hotelier by its bigger rival, would create the biggest hotel group in the country, with about 50,000 rooms and roughly 11 percent of the market, according to IBISWorld statistics.
Mantra Group Ltd (MTR.AX) on Thursday agreed to a A$1.18 billion (701.45 million pounds)buyout from French hotel company Accor SA (ACCP.PA), a deal which will create the biggest hotel group in Australia where tourism is rising sharply. AccorHotels has been on an acquisition spree that, in part, aims to support chief executive Sebastien Bazin’s goal of adding businesses that can complement its core hotel operations and offer more control of hotel distribution. This latest deal would give the combined group about 50,000 rooms - roughly 11 percent of Australia's hotel market, according to IBISWorld statistics.
Accor SA, Europe’s biggest hotel operator, offered to buy Australia’s Mantra Group Ltd. in a deal valuing the hotel and resort company at A$1.2 billion ($930 million).
AccorHotels will re-group three of its luxury home-rental divisions under its 'onefinestay' brand, as the French hotelier steps up efforts to counter the challenge of Airbnb and other online booking services. AccorHotels said it would group the Travel Keys and Squarebreak units under the umbrella of the 'onefinestay' brand before the end of the year. The move will allow guests of 'onefinestay' to have access to over 10,000 rental spaces as well as hospitality and concierge services around the world, the company said.