00:00. 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). Working together for a better future. 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. Mar 2021 - Apr 20221 year 2 months. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. The change in working capital requirement returned to close to breakeven. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. Group revenue for the third quarter of 2021 came in at 589 million, up 79% as reported, and 79% like-for-like versus Q3 2020 (i.e., -40% compared with Q3 2019). North Europe showed a more modest sequential improvement (+2 percentage points between the third and fourth quarters) and ended FY 2021 with RevPAR down (57)% compared with FY 2019. ), Accor Solidarity, RiiSE and ALL Heartist Fund initiatives, the Group is focused on driving positive action through business ethics, responsible tourism, environmental sustainability, community engagement, diversity and inclusivity. Key performance indicators. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . Cloudflare Ray ID: 7a2f18038eaaef6f Press Releases. PDF document. The report solidifies the company's commitment to creating a sustainable future and making a difference in the lives of employees, guests and the communities in which it operates. - Lacey Pfalz, Associate Writer, TravelPulse. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. Their report is currently being prepared. Corporate Sustainability; . 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. . In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. 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. Sustainable Food and Beverage. At Shell, we are doing everything we can to help in the global response to the virus. Dec 2016 - Jan 20181 year 2 months. Recycling program in place. Operational waste. Your IP: The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. CAC 40 - INDEXEURO. Cloudflare Ray ID: 7a2f1819ababf6ad This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). Your IP: Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. 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. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. The new system aims higher and is more accommodating as regards local specifics and operational realities. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. Through its Planet 21 Acting Here, Accor Solidarity, RiiSE and ALL Heartist Fund initiatives, the group is focused on driving positive action through business ethics, responsible tourism, environmental sustainability, community engagement, diversity and inclusivity. Cloudflare Ray ID: 7a2f1821ef190cc1 There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. In 2021, payment of fees was in line with business levels during the year as well as the collection of certain fees for which payment deadline extensions were granted to certain hotel owners. . Each solution measures operational impact, costs and environmental performance . 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. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . RevPAR was down (49)% in FY 2021 compared with FY 2019. Click to reveal By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. 12/28/2022. 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. We share our vision of digital transformation with purpose, our strategy and our . The consolidated financial statements and notes related to this press release are available on the www.accor.com website. Organic waste diversion program in place. Responsible Business Report. 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. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its Aligned with the United Nations Sustainable Development Goals (SDGs), they commit to drive continued action on human rights, youth employment, climate action and water stewardship. . 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, Revenue in the Management & Franchise (M&F) stood at 518 million, up 74% like-for-like versus FY 2020 (down (51)% like-for-like versus FY 2019), with regional performances correlated to health crisis developments in the countries considered. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. Premium, Midscale, Economy. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. Members benefit from the company's comprehensive loyalty program ALL - Accor Live Limitless a daily lifestyle companion that provides access to a wide variety of rewards, services and experiences. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. Carbon Neutral Certificate by Farnek. For 2022, the Group expects a net unit growth of 3.5%. The Sustainable Hospitality Alliance brings together engaged hospitality companies and uses the collective power of the industry to deliver impact locally and on a global scale. Double our percentage of women in leadership to 34%. Accor. Sbastien Bazin, the Group's Chairman & CEO, stated, "The commitment and energy demonstrated by our teams in deploying Planet 21 worldwide, are both valuable levers for our sustainable performance. Our Future is About Sustainable Growth. The Management & Franchise division of HotelServices reported EBITDA of 275 million, significantly higher than in 2020 (25 million) and down (64)% like-for-like compared with FY 2019. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. and its hotels to measure and improve its sustainability performance long-term with specific goals. Today, we want to scale up our ambitions by banking on innovation and accountability. 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. Water-efficient landscaping. Energy-saving guest room controls and building systems. The Company's brands include: Sofitel, Pullman, MGallery, Novotel, Suite Novotel, Mercure, ibis, all seasons, Etap hotel, hotelF1, Motel6, as well as Thalassa sea & spa, and Lentre. It was a tough year for everyone. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. Cloudflare Ray ID: 7a2f181b2b5e1623 Click to reveal As a leader in the hospitality sector . Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). 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). 2021 Sustainability Report. Click on the brand of your choice if you want to filter the benefits. This result contributes to creating a great place to work. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Sustainability; Home; . Letter from the CEO. This website is using a security service to protect itself from online attacks. - 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. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. Full-Year 2022 Results. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. "This year's report documents important milestones marking 10 years on our sustainability journey, in which we've achieved scale in our signature ingredient sourcing programs Cocoa Life and Harmony Wheat. 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. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. Read full report. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. 00:00. You can email the site owner to let them know you were blocked. This plan was the Groups way of encouraging the hospitality business to do Although the effects of this unprecedented crisis linked to the Covid-19 pandemic have not yet fully disappeared, all of the Groups geographies now appear to be well on the way to enjoying more normative levels of business. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. Morroco Ourika. Increase in the Loyalty Mix. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Download Snacking Made Right ESG Report. Quality Policy. Key Achievements-. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. A team leader who gets the best out of his staff. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. Two key issues to tackle will be food and buildings. room and apartment distribution activities and managed properties). Hyderabad Area, India. Environment & CSR. 2021 Consolidated Non-Financial Information. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Accor's unmatched position in lifestyle hospitality one of the fastest growing categories in the industry is led by Ennismore, a joint venture, which Accor holds a majority shareholding. We are working to reduce the environmental impacts of our operations through our EnviroAction program. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. . It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. Waste Reduction. 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. An increase related primarily to the loss of recurring free cash flow in full-year 2020, the investment related to the acquisition of all of sbes brands, and the implementation of a share buyback program in Q1 2020. notably in the Food & Beverage segment, but also for flex office activities, wellness, entertainment and events as well as technologies linked to the hotel industry. Our 21st Sustainability Report covers the period 01 January 2021 . 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. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. Included in the Integrated Report (Section 5 - p. 88) download. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . Ethics and Corporate Social Responsibility Charter. . Solid and sustainable rebound. At the end of 2021, 25% of leadership positions are filled by women. This increase reflected the sharp recovery in business during the second half of the year. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. Accor is concentrating its efforts on ensuring the return to profitability initiated in 2021, capitalizing on the activity rebound and the positive recurring impact from its RESET cost savings plan. As part of a policy of progress and transparency, the Group asked its customers for their views on these issues, updated its environmental footprint and assessed its socio-economic footprint for the first time to assess the challenges it faces and construct its new 5-year program. Included in the Integrated Report (Section 6 - p. 120) Download. . Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. During 2021, Accor organically opened 288 hotels, representing 41,000 rooms, resulting in a net growth in the network of 3% over the 12-month period. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. This change masks disparities between the hard-hit businesses directly related to the Travel segment, such as onefinestay private home rentals, and the digital businesses, such as D-Edge services. Two key issues to tackle will be food and buildings. Sustainability and innovation. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. The action you just performed triggered the security solution. the share of recycled materials used in our garments from 5.8% to 17.9%. 164.46.106.217 We also endeavour to incorporate stakeholder focus areas. ESG challenges - i.e., Environmental, Social and Governance (ESG . Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). Eco-designed materials used in the bedrooms. Accor is a committed, inclusive company that strives to limit its carbon footprint and impact on the planet, and to respond to travelers' concerns about social and environmental responsibility. Melco recognized by global environmental disclosure system CDP as one of China's . While business in Saudi Arabia remained held back by tight restrictions weighing on pilgrimages, the United Arab Emirates benefit from demand linked to Expo 2021 which started from October 1, 2021. 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. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . 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. September 21st, 2021. accor sustainability report 2020meadowglen lane apartments. This transaction completed the Liability Management operation initiated with the successful placement on November 18, 2021, of an inaugural Sustainability-Linked Bond issue indexed on the Groups sustainable development targets for an amount of 700 million (7-year maturity, 2.375% coupon). All. 67.211.219.14 Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. reduction in plastic packaging. The group has one of the industry's most diverse and fully-integrated hospitality ecosystems encompassing more than 40 luxury, premium, midscale and economy hotel brands, entertainment and nightlife venues, restaurants and bars, branded private residences, shared accommodation properties, concierge services, co-working spaces and more. CAC 40. Many have lost their lives. 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 . 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 . PDF 2.23MB In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! Your IP: Our Future is About Sustainable Growth. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. As of end of December 2021, combined with the two undrawn credit facilities of 1.8 billion, Accor had a liquidity position of 3.4 billion. The Group has one of the industrys most diverse and fully-integrated hospitality ecosystems encompassing luxury and premium brands, midscale and economy offerings, unique Lifestyle concepts, entertainment and nightlife venues, restaurants and bars, branded private residences, shared accommodation properties, concierge services, co-working spaces and more. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. 531 kb. 2020. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014.
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