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Solid activity growth Raised full-year guidance

Business trends in Q2 2023 were solid in the Group s two divisions. Hotel demand from both leisure and business guests remained buoyant. This was shown by the improvement in occupancy rates and a sustained increase in average room rates.These results enable the Group to raise its full-year EBITDA guidance presented at the Capital Markets Day on June 27th, 2023.During first-half 2023, Accor opened 114 hotels, representing 14,500 rooms, i.e. net unit growth of 3.5% in the last 12 months. At end-June 2023, the Group had a hotel portfolio of 805,436 rooms (5,487 hotels) and a pipeline of 217,000 rooms (1,262 hotels). ....

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Accor H1 2023 RevPAR Up 38% Vs H1 2022

Article - Accor H1 2023 RevPAR Up 38% Vs H1 2022 - Solid activity growth - Raised full-year guidance - Demand expected to remain strong for the coming months ....

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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. ....

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African perspectives on Bretton Woods and urgency of reforms in 2023

African perspectives on Bretton Woods and urgency of reforms in 2023
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Accor to propose appointment of Anne-Laure Kiechel as independent director

Accor to propose appointment of Anne-Laure Kiechel as independent director
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