Analysis of the consolidated group of Accor (2005)
- Presentation of the Credit Agricole
- Economic and competitive environment
- Analysis of credit management
- The analysis of credit risks
- The decisions to grant credit
- Summary and Recommendations
Accor is as a major player in world tourism and travel industries, with partners in the entertainment industry, 4000 establishments, under the brands Sofitel, Novotel, Mercure, Suitehotel, Coralia Club, Ibis, Etap Hotel, Formule 1, and in the United States, Motel 6 and Red Roof Inn. The hotel has links to travel agencies (Carlson Wagonlit Travel) and has also participated in active Restoration (Lenotre Gemeaz Cusin, Compagnie des Wagons-Lits). From ticket restaurant and ticket alimentation, Accor has diversified its range of services to businesses and communities with innovative products to support human resource management and implements social programs tailored to the needs of citizens. In 34 countries, 19 million people make use of the offers from Accor, most of which have become a reference in this field.
Thus, in this article, there will be an analysis of the financial statements of Accor (the statements are summaries; since a full analysis could not be done). Firstly, the group will be presented and its place in the world market; then it will focus on the balance sheet analysis, and conclude with an analysis of the income statement. The resulting consolidation of the legal obligation to any company controls other firms exerting significant influence over them to prepare consolidated accounts and a report on the management of the group. The purpose of consolidated accounts is to present the financial position of a group of companies as if they were one and the same. This consolidation can be conducted in different ways, by consolidation, by the proportional and equity distribution and obeys very strict rules.
Accor's story began in 1967 when Paul Dubrule and Gerard Pelisson founded the SIEH (Society of hotel investment and operation): the first Novotel hotel was opened in Lille. Forty years later, Accor has become the European leader and world leader in the world of hotels, restaurants and services. A powerful player in the world of travel, tourism and services, Accor currently operates in 140 countries with 168,500 employees. At first, the Accor group had only one job: that of the hotel and since then the group has diversified and now owns two major international activities: hotels, business services and public. Also, the group has other activities such as catering, travel agencies, casinos, services on trains and other holdings.
Accor is undoubtedly a major player in the world of hotels. The group is in fact the first hotel group in Europe and ranks fourth in the world in number of rooms. The hotels are among the group of 3973, spread across 92 countries worldwide. The group's offer in terms of hospitality is so diverse and affect a wide target: in fact over a third of Accor hotels are located in the upscale Sofitel brand with the single, another third is in the middle end with the brands Novotel, Mercure, Suitehotel and, and finally less than a third of Accor hotels are located in economy class with Ibis, Formule 1, Red Roof Inn and Moel 6. European and world leader, Accor has a unique position with nearly 4,000 hotels ranging from luxury to economy.
Tags: Accor group of hotels; analysis of the consolidated group; analysis of balance sheet and income statement