Third-quarter 2022 revenue of €1,149 million up 83% like-for-like



Press Release, 26. October 2022

RECORD ACTIVITY IN THE QUARTER 
REVPAR ABOVE 2019 LEVEL 


PICK-UP IN PACE OF ROOM OPENINGS 


EBITDA EXPECTED TO REACH
 THE UPPER END OF THE €610 MILLION TO €640 MILLION RANGE


Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said: 
“Business momentum remained very strong in the quarter, with the Group’s RevPAR and revenue well above their 2019 levels. Excluding Asia-Pacific, where activity is now recovering, all regions saw growth compared with 2019. These strong performances, coupled with strict operational and financial discipline, give us confidence in our ability to reach the upper end of our full-year EBITDA guidance range, which should be between €610 million and €640 million.” 

The sharp improvement in activity seen since the start of the year was confirmed in the third quarter of 2022. For the second consecutive quarter, the Group’s RevPAR exceeded its 2019 level and Asia is now the only country performing below its pre-crisis level. Demand from domestic and international leisure travelers was very strong over the summer, leading to a significant increase in prices, and September benefited from renewed demand from business travelers for major trade shows and fairs. 

During the third quarter of 2022, Accor opened 93 hotels representing 15,300 rooms, i.e., net unit growth of 2.4% in the last 12 months. This represents a significant increase in the number of rooms opened compared with the first semester of 2022. 
At end-September 2022, the Group had a hotel portfolio of 789,152 rooms (5,357 hotels) and a pipeline of 212,000 rooms (1,218 hotels). 
For 2022, the Group is confirming its forecast of net network growth of around 3.5%. 

Aufgrund der Kurzfristigkeit folgt die deutsche Fassung der Pressemeldung.