Accor SA (WBO:AC)
€ 43.63 -0.51 (-1.16%) Market Cap: 10.73 Bil Enterprise Value: 13.51 Bil PE Ratio: 19.03 PB Ratio: 2.37 GF Score: 84/100

Half Year 2024 Accor SA Earnings Call Transcript

Jul 25, 2024 / 06:30AM GMT
Release Date Price: €36.32 (-3.07%)
Operator

Good morning and welcome to the Accor Group's H1 2024 result conference call. (Operator Instructions). I now give the floor to Sebastien Bazin, Group CEO of a call to begin this conference. The floor is yours.

Sebastien Bazin
Accor SA - Chairman of the Board, Chief Executive Officer, Member of the Executive Committee

Thank you very much and good morning, everybody. On the phone, very happy to be with all of you to my next to you -- of course, have my team Gerow, our CFO, who's going to be doing some kind of a tandem with me, with each of you for the next, whatever, 30 minutes, 1 hour together.

So I'm going to start very quickly with the first slide of what is presented to you. And I hope you guys have it easy. It's actually slide number four, which is the first one. There's two interesting surveys being done by the same organization, which is Oxford Economics. One is it was dated in June 2024 and you have it on the left, which is really trying to tell us what are the consumer spending likely to be for the year of 2024.

And there was a

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