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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Bureau Veritas SA    BVI   FR0006174348

BUREAU VERITAS SA

(BVI)
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Bureau Veritas : Accor successfully implements ALLSAFE throughout its hotels and resorts worldwide

10/19/2020 | 09:20am EST

Accor today announced its continued action to lead the hospitality industry with the most stringent cleaning standards and operational procedures concentrated on guest safety. Following operational disruptions stemming from COVID-19, Accor has successfully reopened most of its hotels with 95% of them having already adopted the Group's trusted ALLSAFE cleanliness and hygiene protocols jointly developed with Bureau Veritas. To date, Accor has successfully certified 65% of these hotels with the ALLSAFE label through a third-party review and accreditation process with professional auditors like Bureau Veritas, SGS, Clifton and Ecolab, and is working to have additional hotels independently verified as ALLSAFE compliant over the coming months.

'At Accor, we are grateful for the trust our guests have placed in us to protect their health, safety and wellbeing and this is a responsibility we prioritize above all else,' said Chris Cahill, Deputy CEO Hotel Operations. 'Throughout this difficult year, our hotel teams have risen to the challenge of enhancing their already stringent protocols and following increased public safety regulations while continuing to welcome, safeguard and take care of others; this remains at the very heart of what we do and who we are as hoteliers.'

Proprietary research undertaken by Accor over June/July 2020 indicates that a hotel getaway ranks among the top three activities that Accor guests feel ready to do over the coming months, in addition to going to a beach and visiting friends and family at home. While consumer spending intentions in the travel sector remain low compared to pre-pandemic levels, 75% of consumers say they would feel comfortable staying in a hotel where they can rely on high-standards of cleanliness and professional staff.

The ALLSAFE label was established by Accor to give guests the assurance of a third-party verified standard of hotel cleanliness and hygienic requirements. These standards were developed with and vetted by Bureau Veritas, a world leader in operational testing, inspections and certifications. Travelers can look for the ALLSAFE logo on the webpage of the Accor hotel they are booking, knowing they can trust its protocols to meet or exceed the ALLSAFE standard and visit the hotel with confidence.

To achieve the ALLSAFE certification, hotels must comply with a detailed list of 16 global commitments jointly developed with Bureau Veritas, which translates into more than 100 standards in total. Some of these enhanced health and prevention protocols include a reinforced cleaning program with frequent disinfection of all high-touch areas such as elevators and public restrooms; deep cleaning of guestrooms with hospital-grade cleaning products and materials, including upholstery, carpets and bedding cleaning at high temperatures.

Additional measures require Accor's ALLSAFE hotels to employ appropriate seating and spacing restrictions in restaurants, bars and public areas; guest temperature screening in accordance with local requirements; disinfectant mats at hotel entrances; contactless payment solutions and desk-free check-ins and check-outs, wherever possible.

Accor has also taken the unique step of establishing a complimentary medical support service available to all of its guests. Through a worldwide partnership with AXA, a global leader in insurance, Accor guests who fall ill or who are in urgent need of medical support, will receive free access to top-of-the-line medical teleconsultations. Guests will also have access to AXA's extensive on-the-ground network of tens of thousands of medical professionals, allowing hotels to help guide their guests to the most suitable medical support based on their location, specialization, language support and other important criteria, in all 110 destinations where Accor operates.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2020 4 623 M 5 591 M 5 591 M
Net income 2020 178 M 216 M 216 M
Net Debt 2020 1 812 M 2 191 M 2 191 M
P/E ratio 2020 54,4x
Yield 2020 2,37%
Capitalization 9 809 M 11 851 M 11 863 M
EV / Sales 2020 2,51x
EV / Sales 2021 2,36x
Nbr of Employees 78 395
Free-Float 64,1%
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Number of Analysts 22
Average target price 23,17 €
Last Close Price 21,63 €
Spread / Highest target 38,7%
Spread / Average Target 7,13%
Spread / Lowest Target -12,2%
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NameTitle
Didier Michaud-Daniel Chief Executive Officer
Aldo Cardoso Chairman
François Chabas Group Chief Financial Officer & Executive VP
Lucia Sinapi-Thomas Independent Director
Ieda Gomes Yell Independent Director
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