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Accor nearly doubled its revenue in the first quarter of 2022<\/strong>, compared to the covid-19-tainted year of 2021. Indeed, it amounted to \u20ac701 million, up 94%<\/strong>. However, it was down 23% compared to the first quarter of 2019<\/strong>, before the Covid-19 pandemic, on a like-for-like basis, a statement said. In the first quarter of 2021, sales were only \u20ac361 million<\/strong>.<\/p>\n <\/p>\n “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<\/em>,” 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.<\/em>”<\/p>\n <\/p>\n For the group’s CEO, S\u00e9bastien Bazin<\/strong>, quoted in the statement, this performance “confirms the clear recovery in activity in all regions and the renewed momentum of tourism, restaurants and leisure.<\/em>” Growth is driven by “dynamic<\/em>” markets in “Europe, the Middle East and the Americas<\/em>” and “strong demand for our Luxury and Lifestyle hotels, and domestic travel,<\/em>” the executive added.<\/p>\n <\/p>\n The main division, HotelServices<\/strong>, 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.<\/p>\n <\/p>\n By region, RevPar is still down 21% in France and Spain compared to 2019<\/strong>. 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”.<\/p>\n <\/p>\n The group also confirmed its forecast of 3.5% net growth in its hotel network for 2022.<\/strong><\/p>\n <\/p>\n <\/p>\n <\/p>\n Read also >\u00a0ACCOR CONFIRMS ITS GROWTH PROSPECTS THANKS TO VERY GOOD RESULTS IN 2021<\/a><\/p>\n <\/p>\n Featured photo : \u00a9 Accor[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n <\/p>\n Accor nearly doubled its revenue in the first quarter of 2022<\/strong>, compared to the covid-19-tainted year of 2021. Indeed, it amounted to \u20ac701 million, up 94%<\/strong>. However, it was down 23% compared to the first quarter of 2019<\/strong>, before the Covid-19 pandemic, on a like-for-like basis, a statement said. In the first quarter of 2021, sales were only \u20ac361 million<\/strong>.<\/p>\n <\/p>\n “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<\/em>,” 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.<\/em>”<\/p>\n <\/p>\n […][\/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…<\/p>\n<\/h4>\n
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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.<\/h4>\n