|Bid||38.00 x 10000|
|Ask||38.65 x 22600|
|Day's range||41.53 - 41.84|
|52-week range||32.64 - 43.67|
|PE ratio (TTM)||51.35|
|Earnings date||20 Feb 2018 - 26 Feb 2018|
|Forward dividend & yield||1.18 (2.55%)|
|1y target est||44.66|
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 ...
HNA Group Co.’s precarious grip on a $2.2 billion Spanish hotel company is in doubt as a mountain of debt comes due and China puts the squeeze on its most prolific acquirers.
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.
Mantra Group said it has agreed to a more than US$900 million cash offer from France’s Accor, bringing together the two largest hotels groups in Australia.
French hotels giant Accor has made a more-than-US$900 million bid for Mantra Group in a deal that would bring together two of the largest lodging providers in Australia.
Shares in Mantra Group (MTR.AU) surged 17% Monday morning after French hotel giant Accor (AC.FR)made a AUD 1.2 billion all cash bid for Australia's second biggest hotel operator . Accor has made an indicative, ...
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.
Britain's easyHotel has reached an agreement with developers to open more than 500 rooms in Iran, joining other foreign chains that have moved into the country since the lifting of sanctions. The budget chain, which was launched by easyJet founder Stelios Haji-Ioannou in 2004, now operates in Britain, six other European countries and the United Arab Emirates. "There are a number of hotel companies that are looking to expand into Iran.
Hotels group Best Western is considering options including mergers and acquisitions to keep pace with rival Marriott International (Frankfurt: 913070 - news) , the world's largest hotel chain, the group's chief executive said on Wednesday. "We are thinking about how we can dramatically increase our scale," Best Western CEO David Kong told Reuters in an interview on the sidelines of the ITB travel fair in Berlin.
AccorHotels, Europe's largest hotelier, posted a record operating profit for 2016, which beat expectations, as restructuring efforts paid off and robust demand in Germany and Britain offset weakness in France. Having recruited former French President Nicolas Sarkozy to head its international strategy, AccorHotels said it was moving along with a planned sale of its HotelInvest property business - worth 6.6 billion euros ($6.9 billion) - by mid-July. The sale of a majority stake in that property unit, with AccorHotels likely to retain around 30 percent, will raise cash to fund its expansion and better fight the rising challenges of companies such as Airbnb.
European shares ended a mixed week on a positive note on Friday, helped by well-received company earnings and buoyant economic data, while mining stocks were hit by weaker metal prices. The STOXX 600 closed ...