[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text]
Accor, the French hotel giant, is reporting a strong recovery on Thursday, reporting a near doubling of revenue in the first quarter of 2022 compared to 2021.
Accor nearly doubled its revenue in the first quarter of 2022, compared to the covid-19-tainted year of 2021. Indeed, it amounted to €701 million, up 94%. However, it was down 23% compared to the first quarter of 2019, before the Covid-19 pandemic, on a like-for-like basis, a statement said. In the first quarter of 2021, sales were only €361 million.
“This recovery is the result of the sustained rebound in domestic business and leisure customers, and the reopening of borders leading to an accelerated recovery in international customers,” the group said. It “is accompanied by a strong increase in prices, now above the 2019 level for four months at the group level, driven by demand and accentuated by inflation.”
For the group’s CEO, Sébastien Bazin, quoted in the statement, this performance “confirms the clear recovery in activity in all regions and the renewed momentum of tourism, restaurants and leisure.” Growth is driven by “dynamic” markets in “Europe, the Middle East and the Americas” and “strong demand for our Luxury and Lifestyle hotels, and domestic travel,” the executive added.
The main division, HotelServices, saw its revenues increase by 117% to 507 million euros. Revenue per available room (RevPAR), the hotel industry’s leading indicator, more than doubled (+108%) compared to Q1 2021, but still shows a 25% decline compared to Q1 2019.
By region, RevPar is still down 21% in France and Spain compared to 2019. There was also a 38% decline in Northern Europe (UK, Germany), 43% in Asia-Pacific and 14% in the Americas. However, it increased by 8% in “India, Africa, Middle East and Turkey”.
The group also confirmed its forecast of 3.5% net growth in its hotel network for 2022.
Read also > ACCOR CONFIRMS ITS GROWTH PROSPECTS THANKS TO VERY GOOD RESULTS IN 2021
Featured photo : © Accor[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]
Accor, the French hotel giant, is reporting a strong recovery on Thursday, reporting a near doubling of revenue in the first quarter of 2022 compared to 2021.
Accor nearly doubled its revenue in the first quarter of 2022, compared to the covid-19-tainted year of 2021. Indeed, it amounted to €701 million, up 94%. However, it was down 23% compared to the first quarter of 2019, before the Covid-19 pandemic, on a like-for-like basis, a statement said. In the first quarter of 2021, sales were only €361 million.
“This recovery is the result of the sustained rebound in domestic business and leisure customers, and the reopening of borders leading to an accelerated recovery in international customers,” the group said. It “is accompanied by a strong increase in prices, now above the 2019 level for four months at the group level, driven by demand and accentuated by inflation.”
[…][/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…
Already have an account ? Please log in.
[/vc_cta][vc_column_text]Featured photo : © Accor[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”subscriber,customer”][vc_column][vc_column_text]
Accor, the French hotel giant, is reporting a strong recovery on Thursday, reporting a near doubling of revenue in the first quarter of 2022 compared to 2021.
Accor nearly doubled its revenue in the first quarter of 2022, compared to the covid-19-tainted year of 2021. Indeed, it amounted to €701 million, up 94%. However, it was down 23% compared to the first quarter of 2019, before the Covid-19 pandemic, on a like-for-like basis, a statement said. In the first quarter of 2021, sales were only €361 million.
“This recovery is the result of the sustained rebound in domestic business and leisure customers, and the reopening of borders leading to an accelerated recovery in international customers,” the group said. It “is accompanied by a strong increase in prices, now above the 2019 level for four months at the group level, driven by demand and accentuated by inflation.”
[…][/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…
Already have an account ? Please log in.
[/vc_cta][vc_column_text]Featured photo © Accor[/vc_column_text][/vc_column][/vc_row]
