ACRFF News and Press, Accor SA From 01/05/24

2024-01-05 07:00:00 ET Summary Accor has experienced a lost decade despite transitioning its business model to an asset-light profile, which for its peers allowed for significant margin improvement. The company’s recent growth trajectory has been strong, and appears well-pl...

2023-10-13 10:15:00 ET Summary We are value investors. In constructing portfolios for our clients, we seek out companies that we believe are trading in the market at significant discounts to their underlying value. These businesses must offer significant profit potential and be run by...

2023-09-19 16:01:14 ET Summary Rising oil prices and commodity prices are causing inflationary pressures. The US is experiencing a shortage of diesel and crude stockpiles, leading to rising prices. The monetary regime may be changing, with a shift away from US Treasuries and t...

2023-08-13 00:50:05 ET Summary Hyatt Hotels Corporation is a global hospitality company that owns, manages, and franchises a portfolio of hotels, resorts, and residential and vacation properties worldwide. Management has successfully transitioned to an asset-light business model, ...

2023-07-30 13:15:21 ET Accor SA (ACRFF) H1 2023 Results Earnings Conference Call July 30, 2023, 02:30 AM ET Company Participants Martine Gerow - Group Chief Finance Officer Conference Call Participants Vicki Stern - Barclays Capital Richard Clarke - Berns...

2023-07-29 22:13:00 ET Summary Accor shares have done well since my last update, reflecting multiple hikes to initial FY23 RevPAR guidance as well as strong medium-term growth plans. Shifting the room mix to Premium and above categories makes sense, albeit it does slightly increas...

2023-07-20 02:00:00 ET Summary Longleaf Partners Funds is a suite of mutual funds and UCITS funds that Southeastern Asset Management, the investment advisor to the Longleaf Partners Funds, created in 1987 as a way for Southeastern employees to invest alongside their clients. The F...

2023-07-03 05:37:37 ET Summary Accor has transitioned its portfolio to a managed and franchised approach but continues to lag behind its peers on an EBITDA-M basis. We see growth continuing as China opens and its large pipeline comes online. Economic conditions represent near-...

2023-04-27 22:15:00 ET Summary Longleaf Partners Funds is a suite of mutual funds and UCITS funds that Southeastern Asset Management, the investment advisor to the Longleaf Partners Funds, created in 1987 as a way for Southeastern employees to invest alongside their clients. Longl...

2023-04-06 12:19:50 ET Summary Accor has underperformed its peers and my own expectations since I first covered the name in 2021, possibly due to a protracted earnings recovery and broader macro concerns. Demand looks set to be more resilient than it otherwise would be in a global...