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Accor Raises Room Revenue Growth Target | Hospitality Ireland

First-quarter 2023 revenue of €1,139 million up 54% like-for-like

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.

Hotel group Accor raises room revenue growth target on Asia rebound

Europe's biggest hotel group Accor said on Thursday it expects double digit growth in a key revenue measure in 2023, citing a good start to the year and the end of China's zero-COVID policy.

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