Accor SA (XTER:ACR)
€ 44.14 0.27 (0.62%) Market Cap: 10.73 Bil Enterprise Value: 13.51 Bil PE Ratio: 19.13 PB Ratio: 2.39 GF Score: 88/100

Q3 2023 Accor SA Corporate Sales Call Transcript

Oct 26, 2023 / 04:00PM GMT
Release Date Price: €29.97 (-0.40%)
Operator

Good day, and welcome to today's Accor Third Quarter 2023 Revenue Conference Call. This meeting is being recorded.

At this time, I'd like to hand the call over to Martine Gerow, Chief Executive Officer of Accor. Please go ahead.

Martine Gerow
Accor SA - CFO & Member of Management Board

Thank you, and good evening, ladies and gentlemen, and thank you very much for joining Accor's third quarter trading update call.

So without further ado, I will start with the key highlights on Slide 3 of the presentation. So the activity remained very consistently strong over the last 3 months, which demonstrates both the resilience of Accor, but obviously, of the travel demand. Our RevPAR was up 15% year-over-year and we were particularly pleased with this result given the fact that we had high comps last year where RevPAR was 14% versus 2019 in the third quarter of 2020. And this was supported really by all regions and segments, and we'll come back with more details in a couple of slides.

RevPAR growth was steady throughout the third quarter.

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