On Friday evening Accor announced that it has completed the first tranche of its share buyback program, launched on 6 March, for a total of €200m. As part of this program, it acquired 4,627,761 shares at an average price of €43.22.
This first tranche is an integral part of the €440m share buyback program announced when it published its 2024 annual results on 20 February 2025, the hotel chain said.
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Accor is the No. 1 European hotel group. Net sales break down by activity as follows:
- operating hotels under management contract (70.8%; HotelServices);
- owned and leased hotel management (29.2%). In addition, the group offers a business of renting luxury private residences, as well as providing digital services to independent hoteliers, concierge services, etc.
At the end of 2024, the group operates a network of more than 5,600 hotels distributed between luxury and top-range hotels (Raffles, Fairmont, Sofitel, Pullman, MGallery, Swissotel, Grand Mercure, Mövenpick, The Sebel and Rixos names), mid-range hotels (Novotel, Novotel Suites, Mercure, adagio, Mama Shlter and Tribe), and economy hotels (ibis, ibis Styles, ibis budget, adagio access, hotelF1, Formule 1, Jo&Joe, Breakfree and Greet).
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