Accor SA (XPAR:AC)
€ 41.33 -0.38 (-0.91%) Market Cap: 10.02 Bil Enterprise Value: 12.10 Bil PE Ratio: 18.62 PB Ratio: 2.11 GF Score: 90/100

Q3 2022 Accor SA Corporate Sales Call Transcript

Oct 26, 2022 / 04:00PM GMT
Release Date Price: €23.46 (+2.18%)
Operator

Hello, and welcome to the Accor 2022 Q3 results. Please note, this conference is being recorded. (Operator Instructions) I will now hand over to your host, Jean-Jacques Morin, Deputy CEO and CFO, to begin today's conference.

Jean;Jacques Morin
Accor SA - Deputy CEO & CFO

Good evening. Good morning, ladies and gentlemen. Very happy to be with you today for this presentation of our Q3 2022 revenue. Before we start the presentation, and as usual, for the sake of clarity, we will continue to provide RevPAR variation by region versus 2019, and we will do that up to the end of this year.

As for revenue figures, we provide both the variation versus Q3 2021 and Q3 2019 in the document. Without further ado, let's move to Slide 3, where you've got the Q3 2022 highlight. On the left, just to start with the activity dimension of it, you can see here that we've got the Q2 2022 activity, which is now well above 2019. You may recall that in Q2, we reached a level by which we were at above the level of 2019 in terms of RevPAR. And we are now 14%

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