Accor Benefiting from Improved Guidance and Cost Savings

2 days ago

Louise Moon

"And meanwhile, AOR shares gaining after the hotel year's guidance was increased. Yeah, RA's guidance this morning essentially on the back of cost savings. They've been simplifying a lot of their portfolio. There was also a host of other positive news alongside their earnings. So, they issued a new buyback that's 100 million euros for the fourth quarter. They also might list their lifestyle brands portfolio that has been touted before, but they've confirmed that this morning. And this was all with their third quarter earnings, coming in line with estimates with quite positive comments about their current trading."

The segment on Accor focuses on a series of positive catalysts including increased guidance, cost savings, and a new 100 million euro buyback initiative. Despite potential weaknesses in some markets, the overall message is upbeat as shares have risen, indicating improved investor sentiment for the hotel portfolio.

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