Prestige Wealth Inc. shares rise 7.41% premarket after Accor's luxury hotel developments in Italy.

Prestige Wealth Inc. rose 7.41% in premarket trading. Accor, a significant player in the luxury hospitality space, announced a series of new hotel developments across Italy, including the first Orient Express hotel in Rome. With over 75 hotels in Italy, Accor is the second-largest hotel player in the country, spanning brands from ultra-luxury to economy. This strategic focus on luxury brand growth and dedicated expertise in the luxury hospitality space is likely driving investor confidence in the stock.