Accor has revealed its half-year outcomes, reporting a rebound which “displays each the restoration of the variety of enterprise and leisure home visitors, and border reopenings which accelerated the return of worldwide travellers”.
Second quarter figures had been notably encouraging, with exercise “near, if not above” 2019 ranges in nearly all markets. The group highlighted London and Paris, the place RevPAR figures had been above 2019 ranges.
The exceptions to the above had been China, which continued to be impacted by journey restrictions, and South East Asia, which the group mentioned was “extremely depending on Chinese language guests”.
Income for the primary half was €1,725 million, up 97 per cent on the identical interval in 2021, leading to an working revenue of €97 million.
Accor mentioned that it opened a complete of 85 properties within the first half of this 12 months, equating to 11,700 rooms and contributing to a 1.8 per cent internet development within the final 12 months.
Openings included the group’s first property beneath its business-oriented Pullman model in Georgia, and its first M Gallery property in Hong Kong.
Commenting on the information Sébastien Bazin, chairman and chief govt officer of Accor, mentioned:
“As soon as once more this quarter, Accor reported a really robust development in enterprise, exceeding pre-crisis ranges for the primary time. This marked rebound in all areas and for all of our manufacturers.
“The summer time will affirm these developments and the autumn guarantees to be robust with the restoration of main seminars and conventions. Nonetheless, the Group stays attentive to the evolution of the geopolitical and financial surroundings.
“At this stage, the Group ought to report a powerful development in EBITDA, with a goal of greater than €550 million for the full-year 2022.”