“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-financial targets and can look to the future with serenity. Our brands are attractive, our distribution is powerful, our teams are talented and motivated, » The FINANCIAL Travel Biz
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 China s strict zero-Covid policy until year end, is still significantly below 2019 activity levels.
The sharp improvement in activity seen since the start of the year was confirmed in the third quarter of 2022. For the second consecutive quarter, the Group’s RevPAR exceeded its 2019 level and Asia is now the only country performing below its pre-crisis level. Demand from domestic and international leisure travelers was very strong over the summer, leading to a significant increase in prices, and September benefited from renewed demand from business travelers for major trade shows and fairs.
Accor reports strong growth in Q2 breakingtravelnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from breakingtravelnews.com Daily Mail and Mail on Sunday newspapers.
Half-Year 2022 Very strong rebound of the activity with Q2 above 2019 level hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.