Accor rises on 'sound Q1' revenue beat

Accor SA

25/04/2025 08:57

** Shares in Accor ACCP.PA rise 4.7%, paring gains after rising as much as 5.6%, after the French hotel operator reported on Thursday a "sound Q1, with no cracks in demand so far"

** "This sound performance is reflective of Accor's favourable geographical and segment mix, which, in the absence of a severe global recession, should continue to fuel its outperformance vs peers," says J.P. Morgan

** Q1 revPAR rose 5% to 69 euros, while group revenue rose 8.9% to 1.35 billion euros ($1.53 billion), beating the company consensus of 1.31 billion euros

** "With management not witnessing any changes in demand trends in key geographies, the overall read should be seen as supportive," says J.P. Morgan

** Including today's rise, shares are down 9.37% YTD​

($1 = 0.8799 euros)

 (Reporting by Dimitri Rhodes)

 ((Dimitri.rhodes@thomsonreuters.com))