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Accor rejoins the CAC 40, the Paris stock exchange’s benchmark index

Accor

Accor counts today more than 5,500 properties and 10,000 food and beverage venues across 110 countries.

Accor, a global hospitality leader, is set to rejoin the CAC 40, the benchmark index of the Paris stock exchange. The decision, effective from March 15, 2024, was made by Euronext Paris’s Expert Indices Committee following the quarterly review of the CAC 40 index. This milestone marks another significant achievement for Accor, which is already a member of the CAC 40 ESG index, recognizing companies for their exemplary environmental, social, and governance practices.

During the unprecedented challenges posed by the COVID-19 pandemic, Accor temporarily exited the CAC 40 index in 2020, having been a member of the index since its inception in 1987. However, the Group has since returned to historic highs, demonstrating adaptability and perseverance. In 2023, a relentless focus on seamless execution, profitable growth and operational discipline saw the Group posting record results with EBITDA surpassing €1 billion for the first time in its history.

Accor aims to continue capitalizing on its leadership positions in the most buoyant hospitality markets and segments as well as the talent of its teams, the quality of its portfolio of brands, and the efficiency of its asset-light model.

Sébastien Bazin, Group Chairman and CEO Accor, said: “We are proud of Accor’s re-inclusion in the CAC 40, marking an important milestone in our journey and a testament to the hard work and commitment of our team. It reflects the Group sustained growth and market leadership in the dynamic landscape of the global hospitality sector. I also want to share this good news with Paul Dubrule, co-founder of the Group and a thought for Gérard Pélisson, his dear business partner. After a record year in 2023, the Group has had a solid start to 2024, driven by higher occupancy and demand, and we look forward to the coming years with optimism.”

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Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.

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