Our Future is About Sustainable Growth. As the desire to escape and to resume travelling has never been stronger, we are well underway to make the most of this rebound in all our markets. CAC 40 - INDEXEURO. Mar 2021 - Apr 20221 year 2 months. Charlotte ThouvardSenior Vice President Group External CommunicationsAccor, 1995-2023 Hospitality Net All rights reserved Hospitality Net is powered by Hsyndicate, Accor's Third-quarter 2021 revenue of 589 million up 79% like-for-like, Accor CEO: Business is back, teams are back, desire is back.. Besides, Accor will continue working on restoring its pre-Covid credit profile and could contemplate an additional return beyond its ordinary dividend subject to the respect of this objective. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. This focus on sustainability is directly aligned with our promise of Together, improving life, and our long-established values, culture and commitment to Associates, customers and communities. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. In five years, it has delivered two-thirds of the programs 21 objectives and over 90% of its hotels have embarked on a continuous-improvement drive. The action you just performed triggered the security solution. Luxury & Lifestyle. It describes the Company's sustainability platform, material focus areas, goals and results. +7 percentage points between the third and fourth quarters). In the India, Middle East, Africa & Turkey (IMEAT) region, the recovery in business between the third and fourth quarters was impressive (+28 percentage points with RevPAR exceeding FY 2019 levels in the last quarter). The issues we are tackling are systemic, requiring supply chain and business transformation. Cloudflare Ray ID: 7a2f1819ababf6ad 01/03/2023 02:25 (Paris) 7.74 2.31%. made possible thanks to the work of our devoted teams Accor over the world. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 193.32.208.109 Accor achieved all of this while ensuring that tomorrow's hospitality is built on sustainable foundations, and we strive to make a positive impact on people and planet, giving back more than we take. Building on the strength of our teams and of our holistic ecosystem of leading brands, personalized services & expert solutions, we break new ground to reimagine hospitality and inspire new ways to experience the world. - Novotel offers eco-designed beds made from wood sourced from sustainably-managed forests (FSC certified), as well as bedspreads and pillowcases made from recycled bottles. Key considerations and . Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Accor has set some of the most ambitious sustainability targets in the industry, and in 2021, we committed to achieving net-zero carbon emissions by 2050. SUSTAINABILITY AND CSR REPORT 2019. On February 18, 2021, Accor sold a part of its share in Huazhu Group Ltd, representing 1.5% of share capital of the company for 239 million. All regions are now generating positive EBITDA. . Cloudflare Ray ID: 7a2f18038eaaef6f . Your IP: In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. The expansion of The Pledge comes at a time when travellers' awareness of and demand for tourism sustainability practices continues to grow, with Millennials and GenZ taking the lead with heightened environmental consciousness. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. It's our way of opening our doors and creating opportunities for all. CAC 40. 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. All. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. Your IP: Water-efficient landscaping. Read full report. 6/24/2020. This redemption was notably funded through the issuance of bonds convertible and/or exchangeable into new and/or existing shares (OCEANEs) on December 7, 2020. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. 217.61.142.251 . Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. At the end of December 2021, the Group had a hotel portfolio of 777,714 rooms (5,298 hotels) and a pipeline of 214,000 rooms (1,218 hotels). It reinforces some of the Groups fundamental commitments, such as curbing its environmental footprint, and identifies new objectives which dovetail with both the changes to the business model and its strategic priorities, such as Food & Beverage and the sustainable management of its property portfolio through HotelInvest. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. It follows the GRI methodology and use selected Standards with a GRI . New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. Accor SA is publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACRFY) in the United States. Tel: 00 971 4 381 8888. This improvement in demand meant that average room rates came close to or, in many destinations at the end of 2021, even exceeded pre-Covid-19 levels. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . Dec 2016 - Jan 20181 year 2 months. During the second half of 2021, the Group returned to a positive cash generation situation. We keep a close eye on our key extra-financial performance indicators in order to demonstrate the results we achieve and the shared value that we create. This website is using a security service to protect itself from online attacks. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. PDF document. On October 1, 2021, following the all-share merger, Accor became the majority shareholder in the new entity created with Ennismore, positioned in the Lifestyle hotel segment. The Executive Summary has been crafted to provide its reader a quick overview of ITC's Sustainability journey in FY2022, serving as a concise yet comprehensive companion to the detailed Sustainability and . 2021 ESG REPORT. The Report can be accessed here. 00:00. . Their report is currently being prepared. EBITDA sensitivity per point of RevPAR amounted to (16.4) million for each one-point decline in RevPAR compared with 2019 versus (18.7) million in FY 2020. Download Snacking Made Right ESG Report. Since early 2021, this segment includes New Businesses (concierge services, luxury home rentals, private sales of hotel stays and digital services for hotel owners) which continue to be affected in different ways, ranging from the severely affected businesses directly related to the Travel sector, such as onefinestays private home rentals, to the digital businesses, such as the services provided by D-Edge. This website is using a security service to protect itself from online attacks. This increase reflected the sharp recovery in business during the second half of the year. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. Each year Loomis publishes an integrated annual and sustainability report. Their members make up 25% of the global hotel industry by rooms and include 14 world-leading hotel companies including Marriott International, Hilton, IHG, Hyatt and Radisson Hotels Group as well as regional brands. Double our percentage of women in leadership to 34%. Today, we want to scale up our ambitions by banking on innovation and accountability. Senior Vice President Group External Communications. AccorHotels is a Group united by a shared passion for hospitality and driven by a shared promise to make everyone Feel Welcome.Over 190,000 women and men in 3,900 AccorHotels establishments look after thousands of guests every day in 92 countries.AccorHotels is the worlds leading hotel operator and offers its customers, partners and employees:- its dual expertise as a hotel operator and franchisor (HotelServices) and a hotel owner and investor (HotelInvest);- a large portfolio of internationally renowned brands covering the full spectrum, with luxury (Sofitel, Pullman, MGallery by Sofitel, Grand Mercure, The Sebel), midscale (Novotel, Suite Novotel, Mercure, Mama Shelter, Adagio) and economy (ibis, ibis Styles, ibis budget, adagio access and hotelF1) establishments;- a powerful marketplace and loyalty program: Le Club AccorHotels;- almost half a century of commitment to corporate citizenship and solidarity with the PLANET 21 program.Accor SA shares are listed on the Euronext Paris exchange (ISIN code: FR0000120404) and traded in the USA on the OTC marketplace (Code: ACRFY). Performance & security by Cloudflare. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 It has affected so many people around the world. 12/28/2022. 67.211.219.14 2019 Sustainability Review. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. Building on the strength of our teams and of our holistic ecosystem of leading brands, personalized services & expert solutions, we break new ground to reimagine hospitality and inspire new ways to experience the world. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. Sustainability Disclosure 2021. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. The action you just performed triggered the security solution. Accor is deeply committed to sustainable value creation and plays an active role in giving back to planet and community via its Planet 21 Acting Here program and the Accor Solidarity endowment fund, which gives disadvantaged groups access to employment through professional training. This performance was linked to the recovery in business which reflected better absorption of fixed costs. Sustainable Food and Beverage. This website is using a security service to protect itself from online attacks. . Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. Moreover, our pipeline continues to flourish, with Luxury & Upscale segment representing close to 40% of future openings, a 12-point increase in the past 4 years. Accor, a world leading hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable Hospitality Alliance, a global organisation that brings together engaged hospitality companies and uses the industry's collective power to address and tackle . Follow us on . room and apartment distribution activities and managed properties). Responsible Business Report 2022. This plan was the Groups way of encouraging the hospitality business to do We are working to reduce the environmental impacts of our operations through our EnviroAction program. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. View File. Eco-designed materials used in the bedrooms. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. Planet 21 allowed the Group to unite its teams and engage its guests and partners in a structured approach which is recognized by several ethical stock market indices. Water conservation measures in place. Globally, there is a trend towards technical alignment among the five leading global sustainability reporting framework developers and standards-setters - CDP, Climate Disclosure Standards Board (CDSB), Global Reporting Initiative (GRI), International Integrated Reporting Council (IIRC) and Sustainability Accounting Standards Board (SASB) - known collectively as the Group of Five. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. The Group has been acquiring hospitality expertise for more than 50 years, resulting in an unrivaled portfolio of brands, from luxury to economy, supported by one of the most attractive loyalty programs in the world. 531 kb. The covenant was not tested on the two test dates of June 30 and December 31, 2021. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. At the end of 2021, 25% of leadership positions are filled by women. Planet 21 [2016-2020] is structured into four areas of action enlisting its employees, customers, partners and local communities, and two priorities, namely food & beverage and buildings. The Planet 21 programme demonstrates the Group's ambitious goals for 2020, based around four strategic priorities: work with its employees, involve its customers, innovate with its partners and work with local communities. Press Releases. The program for 2020 was drawn up in consultation with the teams. The report covers the period 1 January to 31 December. Hyderabad Area, India. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. It was a tough year for Shell, but also a year when we set a clear path for our future. Universal Registration Document. This number reflects an improvement compared with more than 70 million targeted initially, thanks to the implementation of the staff redundancy plan and tight control of consultant costs. Performance & security by Cloudflare. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. Click to reveal reduction in plastic packaging. This SPAC successfully raised 300 million with a view to acquire one or more companies in sectors related to the core hotel business operated by Accor, The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. The action you just performed triggered the security solution. Our solid performances were achieved owing to the strength of our brands, our financial discipline and the sterling efforts of our teams who, throughout the year, demonstrated determination, tenacity and generosity. The new system aims higher and is more accommodating as regards local specifics and operational realities. They work with leading hospitality companies and strategic partners to address key challenges affecting our planet and its people, and develop practical resources and programmes to enable the wider industry to operate responsibly and grow sustainably. On November 23, 2021, Accor announced the success of this transaction and partially redeemed two bonds, namely a bond with a 2023 maturity and a bond maturing in 2024, for a total amount of 448 million. Investor feedback suggests a yield in a mid-to-high 2% . On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. Included in the . Premium, Midscale, Economy. During the first quarter of 2021, two capital increases were completed for the amounts of 150 million (of which 45 million for Accor) and of 327 million (of which 109 million for Accor). You can email the site owner to let them know you were blocked. The expiry of loyalty points at the end of the year eased the impact of the decline in revenue for this area of business compared to the Management & Franchise (M&F) activity. Anne-France MalrieuImage 7Phone: +33 1 53 70 74 66afmalrieu@image7.fr, Carina Alfonso MartinDirectrice des Relations Media mondePhone: +33 1 45 38 84 84carina.alfonsomartin@accor.com, Delphine DumonceauRelations pressePhone: +33 1 45 38 84 95delphine.dumonceau@accor.com, Marie-Camille AubagnacRelations pressePhone: +33 1 45 38 19 16marie-camille.aubagnac@accor.com, Sbastien ValentinSVP Financial Communications and Investor RelationsPhone: 33 (0)1 45 38 86 25sebastien.valentin@accor.com, Marie NielInvestor RelationsPhone: +33 (0)1 45 38 86 94marie.niel@accor.com. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. *This commitment should be reached in the year 2020 in areas where the supply chains are developed (in-shell eggs in Europe, for example) and by 2025 on the markets where the supply chains are still in development. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. Accor took one bold commitment in 2019/20: eliminate ALL guest-related single-use plastic items in its hotels by end 2022 across 110 countries . incentive fees based on the hotel operating margin. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. You can email the site owner to let them know you were blocked. 2018 Consolidated Non-Financial Information. Click to reveal In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. The Group strives to act for "positive hospitality" and has set ambitious objectives, structured around four strategic pillars: working with our teams, involving our clients . The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. Sustainability and innovation. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. Two key issues to tackle will be food and buildings. Revenue Manager. Melbourne, Victoria, Australia. 2021 Consolidated Non-Financial Information. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. AccorHotels, the world's leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. In the Americas, the improvement in RevPAR was also noteworthy (+18 percentage points between the third and fourth quarters) which translated into a FY 2021 RevPAR down (46)% compared with FY 2019. A decrease related primarily to the disposal of Orbis for 1.06 billion in early March 2020 and the 307 million refund related to the withholding tax credit dispute. Full-Year 2022 Results. Following the announcement of its intention to sponsor the Special Purpose Acquisition Company (SPAC) on May 20, 2021, Accor successfully took part in a private placement and the Euronext Paris initial offering of Accor Acquisition Company (AAC). PDF version of our 2020 Sustainability Review - a summary of our approach and performance. Recurring expenditure, which includes key money paid by HotelServices for its development and digital and IT investments, was kept in check, ending the year below the initially indicated range of 150-200 million. At the end of 2021, between 25% and 27% of our revenues comes from lighting innovations that increase food availability, safety & security, or health & wellbeing. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. Sustainability is integral to how we contribute to social value creation. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. PDF 2.23MB Cloudflare Ray ID: 7a2f1821ef190cc1 For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. Initiatives to cut fixed costs were partially offset by weaker government subsidies than a year earlier, but nevertheless also continued to have a positive impact. After five years, the results of the first phase of the plan are very encouraging. Read full report. Revenue in the Hotel Assets & Other segment was up 29% like-for-like versus FY 2020 and down (35)% like-for-like versus FY 2019. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. Two key issues to tackle will be food and buildings. September 21st, 2021. You can email the site owner to let them know you were blocked. Reported revenue for the period reflects the following factors: Consolidated RevPAR was down 62.0% overall for the full-year, and down 64.5% for the second semester. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. 2021 Sustainability Report. Sustainability; Home; . Sbastien Bazin, the Groups Chairman & CEO, stated, The commitment and energy demonstrated by our teams in deploying Planet 21 worldwide, are both valuable levers for our sustainable performance. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. and its hotels to measure and improve its sustainability performance long-term with specific goals. In 2013, for example, Kering founded the Material Innovation Lab, which provides the Group's Houses with more than 3,000 sustainable fabric and textile samples. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page.
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