Accor SA

AC: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Accor Earnings: Solid Luxury, Group, and Business Travel Offset Slower China Demand

Dan Wasiolek ,

Oct 24, 2024

Narrow-moat Accor reported third-quarter results in line with our expectations, with a boost from the Summer Olympics that was tempered by lagging travel in China and a slowdown in leisure demand. Our fair value estimate is EUR 43 per share.

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Accor SA

Accor Earnings: Solid Luxury, Group, and Business Travel Offset Slower China Demand

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