Pierre et Vacances S.A. (VAC.PA)
Pierre et Vacances S.A. operates in the Travel Lodging industry of the Consumer Cyclical sector, headquartered in Paris, IF, FR. The stock last traded at $1.87, up 0.21% on the session, giving a market capitalisation of $861.9M. Its beta of 1.74 implies it has historically moved more than the broad market.
Pierre et Vacances SA, through its various affiliates, functions as an international enterprise specializing in both vacation property investment and holiday accommodation services, with operations extending across Europe and beyond. The company's activities are organized into two primary divisions: Property Development and Tourism. The Property Development segment handles the complete cycle of creating holiday residences, from scouting land and designing sites to overseeing construction and selling these properties to either individual purchasers or institutional clients. In contrast, the Tourism segment is responsible for managing and marketing a diverse range of resorts and villages under established brand names like Pierre & Vacances, Center Parcs, Sunparks, Villages, Nature Paris, Maeva.com, and Adagio. As of September 30, 2021, Pierre et Vacances SA managed approximately 284 distinct locations comprising 43,532 apartments. Founded in 1967, the company's main office is situated in Paris, France, and it operates as a subsidiary of Société d'Investissement Touristique et Immobilier.
Pierre et Vacances S.A. is most often compared with the following Consumer Cyclical names: