Presseinformation vom 26.10.2023

Third-quarter 2023 revenue of €1,286 million up 13% like-for-like

Zu dieser Presseinformation gibt es: 1 Dokument

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  • REVPAR UP 15% COMPARED WITH Q3 2022
  • UPGRADED REVPAR GROWTH GUIDANCE FOR 2023
  • EBITDA EXPECTED TO IMPROVE AT BETWEEN €955 MILLION AND €985 MILLION

Pressetext 1904 ZeichenPlaintext

  • REVPAR UP 15% COMPARED WITH Q3 2022
  • UPGRADED REVPAR GROWTH GUIDANCE FOR 2023
  • EBITDA EXPECTED TO IMPROVE AT BETWEEN €955 MILLION AND €985 MILLION

Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said:

“The Group’s strong performance during the quarter illustrates once again the strength of business momentum in all of our markets, notably in Asia, and for the brands in our two segments: Premium, Midscale and Economy, on the one hand, and Luxury and Lifestyle on the other. For Accor, this is the 6th consecutive quarter of growth since the return to post-pandemic business levels. These positive trends and our strict financial and operational discipline enable us, once again, to raise our RevPAR and EBITDA guidance for the year."

Hotel demand remained very strong throughout Q3 with RevPAR up 15% compared with prior year despite a very high comparable basis (RevPAR in Q3 2022 was up 14% compared with Q3 2019).

The underlying dynamics observed in previous quarters remained constant, with average price still high and a marked improvement in the occupancy rate which slightly lags the level of 2019.

All regions and segments contributed through solid operating performances, even if the first signs of normalization of activity growth are materializing after several quarters of intense recovery.

In third-quarter 2023, Accor opened 73 hotels, for around 9,200 rooms, and has thus achieved net unit growth of 3% over the last 12 months. At end-September 2023, the Group had a hotel portfolio of 812,425 rooms (5,537 hotels) and a pipeline of around 219,000 rooms (1,273 hotels).

For 2023, the Group is confirming its forecast of net unit growth in the network between 2% and 3%.

Die Presseaussendung und weitere Informationen zu den Q3-Ergebnissen 2023 von Accor finden Sie unter folgendem LinkFinancial Result (accor.com).

 

About Accor 

Accor is a world-leading hospitality group offering experiences across more than 110 countries in 5,600 properties, 10,000 food & beverage venues, wellness facilities and flexible workspaces. The Group has one of the industry’s most diverse hospitalityecosystems, encompassing more than 45 hotel brands from luxury to economy, as well as Lifestyle with Ennismore. Accor is focused on driving positive action through business ethics, responsible tourism, environmental sustainability, community engagement, diversity, and inclusivity. Founded in 1967, Accor SA is headquartered in France and publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACCYY) in the United States. For more information, please visit group.accor.com or follow us on Twitter, Facebook, LinkedIn, Instagram and TikTok.  

 

About ALL – Accor Live Limitless 

ALL – Accor Live Limitless is a booking platform and loyalty program that enhances the Accor experience during and beyond the hotel stay. Facilitating seamless connection to Accor hotels across 40+ hotel brands in 110 countries, ALL’s booking platform offers an unrivaled choice of stays at the best price, while the loyalty program provides access to a wide variety of rewards, services and experiences, notably with over 90 strategic partners. ALL helps members live their passions every day with over 2000 worldwide events, from local discoveries to the year’s biggest sporting and musical events and chef masterclasses. ALL – Accor Live Limitless is the loyalty program most awarded by travelers. Discover ALL at all.com.