The cost of net financial debt was up between FY 2020 and FY 2021, reflecting the downward revision to the Groups S&P credit rating in August 2020. Click to reveal CAC 40 - INDEXEURO. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. 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. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . incentive fees based on the hotel operating margin. Responsible Business Report 2022. 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. Environmental Sustainability Highlights 2019/2020 - Hyatt About Universal Registration Document. Revenue Manager. 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. At Accor, we ask our customers to reuse their towels. Performance & security by Cloudflare. 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. 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. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. . Sustainability Disclosure 2021. 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. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. This report also includes a summary of how ITC's Sustainability 2.0 ambitions and priorities are contributing to the achievement of United Nation's Sustainable Development Goals (UN SDGs). Tel: 00 971 4 381 8888. 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. Our 21st Sustainability Report covers the period 01 January 2021 . For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. HotelServices EBITDA was positive at 93 million for 2021. 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, It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . Melco recognized by global environmental disclosure system CDP as one of China's . Accsys offers the world a choice to build more sustainably, and we are committed to improving the positive impact we can make in the world, and in Environmental, Social and Governance (ESG) areas. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . Two key issues to tackle will be food and buildings. 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. Marriott International, Inc. (Nasdaq: MAR) ("Marriott") today released its 2021 Serve 360 Report presenting data from 2020 and demonstrating its Environmental, Social, and Governance (ESG) efforts toward the company's 2025 Sustainability and Social Impact Goals. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 The proceeds of this issue were partly used to refinance existing debt of 448 million with maturities in 2023 and 2024, through a Liability Management operation coupled to this bond issue. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. CAC 40. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. PDF 10.87MB; ESG Databook. Sustainability is integral to how we contribute to social value creation. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. With the remit of stepping up development of the two brands by rolling out exceptional offerings and cultural excellence with its teams, Accor appointed Stephen Alden to its Executive Committee and is CEO of the Raffles and Orient Express brands. The change in working capital requirement returned to close to breakeven. The fruit and vegetables from this garden are served in the restaurant. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. 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 . Planet 21 Season 2 must enable us to create wealth sustainably and curb our negative impacts through the mobilization of our employees, guests, partners and local communities. In 2019, this bond had been partially redeemed for the amount of 350 million. You can email the site owner to let them know you were blocked. Ben van Beurden, CEO. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). Today, we want to scale up our ambitions by banking on innovation and accountability. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. 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.. 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. This website is using a security service to protect itself from online attacks. Responsible Business Report. The Group controls this new entity through the ownership of a 66.67% stake. Performance & security by Cloudflare. Three points should be noted: During FY 2021, Group recurring free cash flow improved significantly, from (727) million in FY 2020 to (246) million in FY 2021. Follow us on . Amcor 2020 Sustainability Report. Planet 21 is AccorHotels' sustainability program which spans six key pillars including People, Guests, Partners, Communities, Buildings and Sustainable Food, with commitments aligned with the United Nation's Sustainable Development Goals. Key Achievements-. This performance was linked to the recovery in business which reflected better absorption of fixed costs. ESG challenges - i.e., Environmental, Social and Governance (ESG . Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . Accor Planet 21 Background . Here you can filter our content according to your activity and your interests. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. Jean-Jacques Morin, Deputy CEO & CFO, and Brune Poirson, Chief Sustainability Officer, discuss the Group's commitment to ESG, focusing on one of its key areas: net zero carbon. Morroco Ourika. RevPAR was down (49)% in FY 2021 compared with FY 2019. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. . United Arab Emirates. 2021 Consolidated Non-Financial Information. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. accor sustainability report 2020meadowglen lane apartments. Working together for a better future. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. Hyderabad Area, India. Guest Service Agent - Club Sofitel Lounge. We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts 2021 Sustainability Report. 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. 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. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. 75.119.192.80 In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! After five years, the results of the first phase of the plan are very encouraging. 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. We are working to reduce the environmental impacts of our operations through our EnviroAction program. Wilmar International Limited - Asia's Leading Agribusiness Group . . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Your IP: This decline reflects an environment disrupted by the resurgence of the Covid-19 pandemic, despite a marked improvement in global business levels from April 2021. 2018 Consolidated Non-Financial Information. 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.