Strong business recovery for the Accor group in the first quarter


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.”
[…]
This article is reserved for subscribers.
Subscribe now !
Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…
Already have an account ? Please log in.
Featured photo : © Accor
What's Your Reaction?

Passionnée depuis son plus jeune âge par l’art et la mode, Hélène s’oriente vers une école de stylisme, l’Atelier Chardon-Savard à Paris, avec une option Communication. Afin d’ajouter des cordes à son arc, elle décide de compléter sa formation par un MBA en Management du Luxe et Marketing Expérientiel à l’Institut Supérieur de Gestion à Paris dont elle sort diplômée en 2020. Elle a notamment écrit des articles lifestyle et beauté pour le magazine Do it in Paris et se spécialise en rédaction d’articles concernant le luxe, l’art et la mode au sein du magazine Luxus Plus.********** [EN] Passionate about art and fashion from a young age, Hélène went to a fashion design school, Atelier Chardon-Savard in Paris, with a Communication option. In order to add more strings to her bow, she decided to complete her education with an MBA in Luxury Management and Experiential Marketing at the Institut Supérieur de Gestion in Paris from which she graduated in 2020. She has written lifestyle and beauty articles for Do it in Paris magazine and specializes in writing articles about luxury, art and fashion for Luxus Plus magazine.