Accor Sa (ACRFF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.056 Hello and welcome to the Accor QM 2025 00:00:05.056 -- 00:00:10.101 revenue conference call. Please note this conference is being recorded and 00:00:10.101 -- 00:00:14.225 for the duration of the call, your lines will be on listen only. 00:00:14.225 -- 00:00:18.989 However, you'll have the opportunity to ask questions after the presentation and this 00:00:18.989 -- 00:00:24.555 can be done by pressing star one on your telephone keypad to register your question. 00:00:24.555 -- 00:00:29.425 If you require assistance at any point, please press star zero and you'll be connected 00:00:29.425 -- 00:00:31.208 to an operator. 00:00:31.208 -- 00:00:36.456 I will now hand you over to your host, Martine Giraud, Group CFO, to begin today's 00:00:36.456 -- 00:00:39.417 conference. Thank you. 00:00:39.741 -- 00:00:42.345 Thank you. Good evening, ladies and gentlemen. 00:00:42.345 -- 00:00:45.910 Thank you for joining Accor's first quarter trading update call. 00:00:45.910 -- 00:00:49.475 And I will start with the key highlights 00:00:49.475 -- 00:00:55.054 on slide three. So I'm pleased to report that we started the year with sustained 00:00:55.054 -- 00:00:57.516 momentum. So the strategy 00:00:57.516 -- 00:01:02.983 of ACOA, which is to focus our investments in higher growth regions and segments, is 00:01:02.983 -- 00:01:07.247 yet again delivering another quarter of very solid growth. 00:01:07.247 -- 00:01:12.413 First quarter, RESPAR reflects a solid trading at plus 5%, like 00:01:12.413 -- 00:01:17.138 for like, driven by strong performance in the Middle East, in Southeast Asia, and the 00:01:17.138 -- 00:01:18.736 Americas. 00:01:18.736 -- 00:01:23.884 March was softer than January and February due to calendar 00:01:23.884 -- 00:01:29.191...