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Accor: We exceeded our financial and non-financial targets

“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 ....

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Full-Year 2022 Results Solid and sustainable rebound in activity in 2022

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. ....

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Third-quarter 2022 revenue of €1,149 million up 83% like-for-like

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. ....

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