The hotelier has returned to its pre-pandemic level of turnover. He does not see “the specter of recession”.
Three-digit growth in activity and a return to profitability. Weighed down by the Covid-19 pandemic for two years, Accor is finally turning the page on this unprecedented crisis. In the first half, its turnover amounted to 1.7 billion euros (+109%). Net income reached 67 million, against 32 million a year earlier, after 649 million euros in capital gains from the sale of Huazhu securities.
“Accor is back, launches Sébastien Bazin, CEO of Accor. I have never been so confident for two, three years. » For the first time since 2019, turnover and average revenue per room (the RevPar, reference indicator) exceeded their pre-Covid level in the second quarter. Only China and Southeast Asia are lagging behind because of the “zero Covid” policy, which limits travel.
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Like all players in the sector, Accor did not expect such a rapid recovery in global tourism. Despite warnings from…
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