Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said:
“Since May, we have seen a clear recovery. Positive signs including the ramp up of vaccine roll out and the progressive reopening of borders will continue throughout the summer.
In the first half of the year, Accor significantly improved its operating performance. Furthermore, we continued to efficiently and cautiously manage our liquidity and investments. We are therefore prepared for the rebound with a solid balance sheet and an increasingly agile and efficient organizational structure. It is still too early to fully define the outlook for the end of the year, but we are confident in our ability to capture recovery in all geographies and to put into place a reinvented vision of travel.”
Openings in 2021
Accor opened 121 hotels or 15,000 rooms, the pace of the gross opening was subdued as the hotel owners are cautiously monitoring the activity rebound.
By the end of June 2021, the Group was operating 762,000 rooms (5,199 hotels), with a pipeline of 211,000 rooms (1,203 hotels).
As of July 26, 2021, 93% of Group hotels were open, i.e., more than 4,800 units.