Accor releases full‑year 2022 results

Accor has released its full-year 2022 results. After two years severely impacted by the health crisis, the fiscal year 2022 posted a solid and sustainable rebound in the group’s activity. The performance of hotels over the second half of the year surpasses pre-crisis levels in almost all our regions. Only Asia, a region impacted by China's strict zero-Covid policy until year-end, is still significantly below 2019 activity levels.

Worldwide, the company’s recovery was primarily driven by domestic guests, with levels exceeding those of 2019. Whereas international travellers, even whose number grows sharply, failed to return to the level of 2019. As observed in recent quarters, the recovery was led by a strong increase in prices, fuelled by demand and accentuated by inflation. In 2022, Accor opened 299 hotels, corresponding to 43,000 rooms, accounting in a (sic) net organic growth in the network of 3.2 per cent over the 12-month period.

At end-December 2022, the Group had a hotel portfolio of 802,269 rooms (5,445 hotels) and a pipeline of 216,000 rooms (1,247 hotels).

In 2022, the group recorded a revenue of €4,224 million, up 80 per cent like-for-like (LFL) versus FY 2021. This growth breaks down into an improvement of 89 per cent for HotelServices and 63 per cent for Hotel Assets & Other. To provide a RevPAR comparison (presented as the change versus FY 2019 throughout this release), the Group reported an increase of 4 per cent in LFL revenue versus FY 2019.

Changes in the scope of consolidation (acquisitions, disposals and reopenings) contributed positively with €72 million mainly due to the takeover of Paris Society and the reopening of the Pullman Montparnasse. Currency effects had a positive impact of €189 million, mainly linked to the US dollar

(11 per cent).

Read the complete full-year 2022 reported results.