Accor: Oddo stays on 'outperform'

(CercleFinance.com) - Oddo BHF maintains its outperform rating and price target of 36 euros on Accor, in particular in view of its estimate that the group will benefit from the recovery of the hospitality industry, thanks to its high exposure to domestic clientele.


The analysts believe that Accor will return to its 2019 RevPAR levels in 2024 (2022 is expected to be -26%), even though the current data augur well for a better-than-expected 2022.

As other benefits to the share, the analysts cite an acceleration in independent hotels converting into chains, its sound financial situation and its high exposure to management contracts.

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