Accor SA (XPAR:AC)
€ 44.03 0.02 (0.05%) Market Cap: 10.73 Bil Enterprise Value: 13.51 Bil PE Ratio: 19.13 PB Ratio: 2.39 GF Score: 88/100

Half Year 2022 Accor SA Earnings Call Transcript

Jul 28, 2022 / 12:30PM GMT
Release Date Price: €25.35 (-11.67%)
Sebastien Marie Christophe Bazin
Accor SA - Group Chairman, CEO & Member of Management Board

Good morning. It is 8:30 here in Paris, and we're going to be attending all together the earnings release for the first semester 2022 of your company, Accor. Let me put that in the right order. Disclaimer. You don't need it. We're going to go straight to the first slide, which is what I usually call 20,000 feet altitude. There are a set of numbers here who are quite interesting.

On the upper left, many of you remember, we've been talking about it all of us as hoteliers a couple of years ago, enjoying a very strong 1.5 billion international travelers in the world. And on which we've noticed in 2019 that the Chinese for the first time ever surpassed America was 155 million and growing. We've been missing those Chinese travelers ever since.

There's no 2020 here, but many of you know that in 2020, the numbers of international travelers was less than 100 and only because many markets were not closed in January and February of 2020. Then went up back to 400, which was a very small number compared

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