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In the first quarter of 2024, Accor opened 53 hotels corresponding to over more than 8,000 rooms, representing a net unit growth of 3.1% over the last 12 months
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.
“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, Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said. We exceeded our financial and non-fi...
In its full-year 2022 results, Accor Hotel Group shows sustainable RevPAR recovery above pre-pandemic level.
2021 revenue of €361 million down 48% like-for-like share this article Q1 2019 ORGANIC OPENINGS AT 7,100 ROOMS EBITDA SENSITIVITY AND CASH BURN INDICATORS CONFIRMED Advertisements Bazin, Chairman and Chief Executive Officer of Accor, said: " There were no surprises in our first-quarter performance. Global business trends are improving slightly and the ramp-up of the vaccine rollouts bodes well for a particularly strong rebound. As it did in 2020, the Group continues to keep a close eye on protecting its cash and cutting costs. Today, all our efforts are focused on the str...