Group Strata News Today

The first quarter of 2023 demonstrated once again the robustness of the business recovery, quarter after quarter. This further acceleration in RevPAR (up 19% compared with first-quarter 2019) notably reflects the rebound of hotels in Asia following the lifting of the strict zero-COVID policy in China in late 2022. All the other regions also contributed to maintaining business activity at a substantially higher level than before the crisis.

DUBAI, 23rd March, 2023 (WAM) – The ENOC Group, which achieved its best-ever performance in 2022, has unveiled a long-term growth strategy to meet the increasing demands for sustainable energy solutions locally and globally. The strategy is based on five pillars, including Proactive Improvement, Asset Optimization, Think Customer, Integrated Value Chain and Growth, and Diversified Energy Solutions, aimed at delivering world-class, integrated, and sustainable energy solutions.The Proactive Impr...

“Tourism recovered substantially in 2022 and our performances, up strongly in all regions, reflected that rebound, Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said. We exceeded our financial and non-financial targets and can look to the future with serenity. Our brands are attractive, our distribution is powerful, our teams are talented and motivated,“Tourism recovered substantially in 2022 and our performances, up strongly in all regions, reflected that rebound, Sébast...

After two years severely impacted by the health crisis, the fiscal-year 2022 posted a solid and sustainable rebound in Group’s activity. The performance of hotels over the second half of the year surpasses pre-crisis levels in almost all our regions. Only Asia, a region impacted by Chinas strict zero-Covid policy until year end, is still significantly below 2019 activity levels.

ENOC Group today announced its Strata marine lubricants arm recorded 350% sales growth during the period of 2019 to 2021. The Group cited its expanding global footprint and supply chain in addition to assigning distributors in key marine markets contributed to its substantial sales growth. Currently, ENOC’s Strata marine lubricants supply network covers 126 marine ...

Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said: “Despite a disrupted start of the year due to overall health restrictions, 2021 showed significant improvement in our business, as of the spring, with trends picking-up month after month right up to December. Our solid performances were achieved owing to the strength of our brands, our financial discipline and the sterling efforts of our teams who, throughout the year, demonstrated determination, tenacity and generosity. Th...