Accor
September 2022
  • Accor

Finance

Group revenue in the 1st semester of 2022 came in at €1,725m

Up by 109% as reported

Up by 97% like-for-like

EBITDA positive at €205m

Net profit Group share positive at €32m

Q2 RevPAR above 2019 level and significant improvement in profitability and cash flow generation

visuel

Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said:

“Once again this quarter, Accor reported a very strong growth in business, exceeding pre-crisis levels for the first time. This marked rebound in all regions and for all of our brands. The summer will confirm these trends and the fall promises to be strong with the recovery of major seminars and conventions. Nevertheless, the Group remains attentive to the evolution of the geopolitical and economic environment. At this stage, the Group should report a strong growth in EBITDA, with a target of more than €550 million for the full-year 2022.”

Openings in 2022
Accor opened 85 hotels, representing 11,700 rooms, i.e., net system growth of 1.8% in the last 12 months.

Hotel Base
At end-June 2022, the Group had a hotel portfolio of 777,945 rooms (5,300 hotels) and a pipeline of 212,000 rooms (1,215 hotels).

Growth
For 2022, the Group is confirming its forecast of net unit growth in the network of around 3.5%.