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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Accor    AC   FR0000120404

ACCOR (AC)
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Accor : AccorHotels celebrates its 50th anniversary

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11/15/2017 | 08:40am CEST

Press release November 15th, 2017

AccorHotels celebrates its 50th anniversary On November 19, the Group's hotels open their doors to the everyday heroes throughout the world AccorHotels enters a new era of services with AccorLocal #welcomeheroes: a birthday celebration all over the world

On November 19, 2017, in France and throughout the world, near 2 000 hotels will open their doors to everyday heroes - men and women who are firefighters, nurses, teachers, craftspersons and local shopkeepers - who work every day to serve their communities. It's an opportunity for hoteliers and their employees, which are also deeply involved into the life of the neighborhood, to thank them and share a moment with them around a breakfast, a barbecue, a concert, etc.

Services made to facilitate and enrich the daily lives of our neighborhoods

AccorLocal is a local services offer that give shopkeepers the opportunity to offer their products within the Group's hotels; On the other hand, hotels are given the chance to promote their hospitality services to a non-resident clientele. AccorHotels hence connects the convenience of digital to its hospitality expertise and the local experience to introduce a new way of interacting locally for communities living in the vicinity, hotels and local businesses.

Everyday services at the hotel

While the aspiration to buy local sometimes stumbles upon time constraints, and because the purchase and delivery of online products do not always allow for a trust-based and local relationship, the Group now enables communities neighboring its hotels to enjoy 24/7 access to the services of their local craftpersons, shopkeepers and other providers within their hotels.

Through AccorLocal, hoteliers are free to determine the services they wish to propose, based on local needs and on their own relationships with local shopkeepers.

Besides, other services are provided through larger partnerships and include: bouquets delivered to the hotel's reception with AccorLocal's special bouquets in collaboration with Pampa, Bergamotte and others; yoga, pilates and relaxation classes provided by Oly Be in a room let by the hotel; quality bread delivered by Poilâne, Nespresso capsules pick-up and deposit points accessible 24/7, a pay-by-the-hour car rental service with AccorLocal offered by Hertz 24/7.

Hotel services, everyday

The hotels themselves also feature many services now offered by AccorLocal. In just a few clicks, a customer can reserve a service offered by a hotel in their neighborhood, without having to book a room. Local residents can hence access a whole range of additional hospitality services, such as spas, the swimming pools, fitness rooms, co-working spaces or takeaway breakfasts and a myriad of little useful services: access to printers, motorcycle helmets left offices, ironing rooms, parkings under surveillance, etc.

Local experiences and a digital channel all over the world

The AccorLocal application has about 3000 active users and now offers hundreds of services in more than 250 hotels in France. AccorLocal will be rolled out in 2018 and 2019 in major cities and capitals around the world.

Sébastien Bazin, Chairman and CEO of AccorHotels, said, "For the past 50 years, millions of customers around the world have trusted AccorHotels' hospitality expertise. When they go through the door of one of our hotels, they can be certain of finding, at any time of day, a customized service offered by more than 250,000 people who are passionate about our unique savoir-faire in the field of hospitality and service. We have now chosen to make this unparalleled wealth available to benefit community life by developing an unprecedented model, creating social connections and value for small businesses, local communities and staff members at our hotels.

With the launch of AccorLocal and the #WelcomeHeroes event, AccorHotels is continuing a history of daring and winning moves which has led us to where we're not expected to go, but to where we do however have absolute legitimacy as a place bursting with life in the heart of the city. In this way, AccorLocal marks a new stage in the diversification of the Group's activities and gives yet more impetus to our promise to enhance the daily lives of as many people as possible."

ABOUT ACCORHOTELS

AccorHotels is a world-leading travel & lifestyle group and digital innovator offering unique experiences in more than 4,200 hotels, resorts and residences, as well as in over 10,000 of the finest private homes around the globe. Benefiting from dual expertise as an investor and operator, AccorHotels operates in 95 countries. Its portfolio comprises internationally acclaimed luxury brands including Raffles, Sofitel Legend, Fairmont, SO Sofitel, Sofitel, Onefinestay, Rixos, MGallery by Sofitel, Pullman, Swissôtel and 25hours Hotels; the popular midscale and boutique brands Novotel, Mercure, Mama Shelter and Adagio; much-prized economy brands including JO&JOE, ibis, ibis Styles, ibis budget and the regional brands Grand Mercure, The Sebel and hotelF1. AccorHotels provides innovative end-to-end services across the entire traveler experience, notably through the acquisition of John Paul, the world leader in concierge services.

With an unmatched collection of brands and a rich history spanning close to five decades, AccorHotels, along with its global team of more than 250,000 dedicated women and men, has a purposeful and heartfelt mission: to make every guest Feel Welcome. Guests enjoy access to one of the world's most rewarding hotel loyalty programs

- Le Club AccorHotels.

AccorHotels is active in its local communities and committed to sustainable development and solidarity through PLANET 21, a comprehensive program that brings together employees, guests and partners to drive sustainable growth.

Accor SA shares are listed on the Euronext Paris stock exchange (ISIN: FR0000120404) and traded in the United States on the OTC market (Code: ACRFY)

For more information or to make a reservation, go to accorhotels.group or accorhotels.com. Or join us and follow us on Twitter and Facebook.

Media Relations

Carina Alfonso Martin Delphine Dumonceau Mélissa Levine

VP Media Relations Worldwide Corporate PR Manager Brands Pr Manager

Tel: +33 (0)1 45 38 84 84 Tel +33 (0)1 45 38 84 95 Tel : 01 45 38 84 76

[email protected] [email protected] [email protected]

Investors Relations Sébastien Valentin

Senior Vice President, Investor Relations and Financial Communication

Phone: +33 (0)1 45 38 86 25

Accor SA published this content on 15 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 November 2017 07:39:01 UTC.

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Financials (€)
Sales 2018 2 840 M
EBIT 2018 591 M
Net income 2018 366 M
Debt 2018 562 M
Yield 2018 2,02%
P/E ratio 2018 34,06
P/E ratio 2019 26,42
EV / Sales 2018 4,72x
EV / Sales 2019 4,20x
Capitalization 12 833 M
Chart ACCOR
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Accor Technical Analysis Chart | AC | FR0000120404 | 4-Traders
Technical analysis trends ACCOR
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 50,8 €
Spread / Average Target 14%
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NameTitle
Sébastien Bazin Chairman & Chief Executive Officer
Jean-Jacques Morin Chief Financial Officer
Jean-Paul Bailly Independent Non-Executive Director
Mercedes Erra Independent Non-Executive Director
Sophie Gasperment Independent Non-Executive Director
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