The Asia-Pacific region enjoyed a sequential improvement in RevPAR (+9 percentage points between the third and fourth quarters) after a third quarter hit by tighter Covid restrictions. hide. Recycling program in place. 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). Sustainable Food and Beverage. This website is using a security service to protect itself from online attacks. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. Working together for a better future. 00:00. The fruit and vegetables from this garden are served in the restaurant. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. 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. This website is using a security service to protect itself from online attacks. 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. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. . 2021 Sustainability Report. 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). SUSTAINABILITY AND CSR REPORT 2018. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. PDF 2.23MB Environmental Sustainability Highlights 2019/2020 - Hyatt About You can email the site owner to let them know you were blocked. It was a tough year for everyone. 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. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Letter from the CEO. 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. Key Achievements-. As of end of December 2021, combined . RevPAR was down (49)% in FY 2021 compared with FY 2019. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Carbon Neutral Certificate by Farnek. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. 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. 12/28/2022. It is core to our strategy and sits at the heart of everything we do. Performance & security by Cloudflare. PDF 10.87MB; ESG Databook. 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. This website is using a security service to protect itself from online attacks. 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 is more flexible and is based on a participative approach allowing each hotel to set its own objectives and map out its own action plan. The new system aims higher and is more accommodating as regards local specifics and operational realities. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . Sustainability and innovation. 2018 Consolidated Non-Financial Information. 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 . 193.32.208.109 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. To provide the hotels with effective support as they deploy this new plan, Charter 21, the in-house sustainable development management system for hoteliers, has evolved and been renamed Planet 21 in Action. Our teams are devoted to fighting against this evil and encourage their customers to do the same. 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. Plant wall, fight against food waste, etc. Included in the . Sustainability Disclosure 2021. This website is using a security service to protect itself from online attacks. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). 01/03/2023 02:25 (Paris) 7.74 2.31%. 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. As of December 31, 2021, the average cost of Accor's debt came to 2.2% with an average maturity of four years, with no major repayment dates before 2026. 2019 Sustainability Review. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its View File. Included in the Integrated Report (Section 6 - p. 120) Download. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. 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. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. This result contributes to creating a great place to work. Melco recognized by global environmental disclosure system CDP as one of China's . Their report is currently being prepared. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. Amcor 2020 Sustainability Report. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . In 2019, this bond had been partially redeemed for the amount of 350 million. A sustainable commitment to improve your hotel's performance. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . 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. Over 68 million members benefit from the companys comprehensive loyalty program ALL - Accor Live Limitless - a daily Lifestyle companion that provides access to a wide variety of rewards, services and experiences. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. 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. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. The assessment included seeking internal and external stakeholder feedback. 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. At year-end 2020, the Group had a hotel portfolio of 753,344 rooms (5,139 hotels) and a pipeline of 212,000 rooms (1,209 hotels), of which 73% in emerging markets. Operational waste. 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). 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. As a leader in the hospitality sector . 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. 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 . With the remit of defining, managing and coordinating the commitments, strategy and roll-out of Group action plans in terms of sustainable development, Brune Poirson joined Accor and its Executive Committee as Sustainable Development Director. This increase reflected the sharp recovery in business during the second half of the year. 531 kb. 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. At the end of 2021, the Group notably successfully renegotiated the covenant linked to the 1,200 million credit facility which now includes a liquidity covenant out to December 2023 before returning to the initial net debt ratio covenant. Cloudflare Ray ID: 7a2f181ebecd86c6 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. Hyderabad Area, India. Water-efficient landscaping. 2017 Report. Senior Vice President Group External Communications. Your IP: It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. . The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. 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. 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. Press Releases. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. On November 12th, the UN Climate Change Summit (COP26) in Glasgow ended with a clear consensus that the world needs to do much more to limit global warming to 1.5C by 2050 and avert a climate crisis. In general, the sharper decline in M&F revenue compared to RevPAR (down (46)% over FY 2021 versus FY 2019) can be attributed to the strong decrease in incentive fees based on the hotel operating margin generated from management contracts. 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. 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. For 2022, the Group expects a net unit growth of 3.5%. Full-Year 2022 Results. Premium, Midscale, Economy.
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