During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. 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). 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). Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. 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. Hyderabad Area, India. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . Premium, Midscale, Economy. Letter from the CEO. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. A sustainable commitment to improve your hotel's performance. . Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. Tel: 00 971 4 381 8888. Our Future is About Sustainable Growth. As of December 31, 2021, the average cost of Accors debt came to 2.2% with an average maturity of four years, with no major repayment dates before 2026. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. Your IP: The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Responsible Business Report 2022. Develops talent from within and a strong disciplinarian who leads by example. Innovation is integral to Kering's sustainability policy. The action you just performed triggered the security solution. This segment, which is closely linked to business in Australia, notably benefited from a recovery in leisure tourism demand during the first half of the year and at the end of FY 2021 on the North-East coast of the country where most of the Groups Strata activities are located (i.e. To provide a comparison with RevPAR (presented as the change versus FY 2019 throughout this release), the like-for-like decline in revenue versus FY 2019 is (42)%. 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. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. Sustainability and innovation. Click to reveal It is one of four key enablers to deliver our Strategic Plan. Sustainable Food and Beverage. accor sustainability report 2020meadowglen lane apartments. Performance & security by Cloudflare. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. room and apartment distribution activities and managed properties). On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its You can email the site owner to let them know you were blocked. 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. 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. The assessment included seeking internal and external stakeholder feedback. 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. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. 16.3 mb. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. Full-Year 2022 Results. All. Cloudflare Ray ID: 7a2f181b2b5e1623 In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. 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. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. Cloudflare Ray ID: 7a2f18038eaaef6f 00:00. 62.141.45.132 The IHG Academy is a collaboration where we link up with education providers and community groups around the world by providing local people with the opportunity to develop skills and improve their employment prospects in one of the world's largest leading hotel companies. The new system aims higher and is more accommodating as regards local specifics and operational realities. 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 . We measure and report on our Scope 1, Scope 2 . Included in the Integrated Report (Section 5 - p. 88) download. CAC 40 - INDEXEURO. Our vision is to drive the change towards positive, more responsible and inventive hospitality, wherever we are., Planet 21|2016-2020: same direction, higher aims. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. 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). For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. This performance was linked to the recovery in business which reflected better absorption of fixed costs. . Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. - Lacey Pfalz, Associate Writer, TravelPulse. . revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 PDF document. At Accor, we ask our customers to reuse their towels. 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. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). 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. Amcor 2020 Sustainability Report. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . . Waste Reduction. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. This website is using a security service to protect itself from online attacks. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. - 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. Solid and sustainable rebound. 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. 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. 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). AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. 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. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. 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 result contributes to creating a great place to work. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. 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. 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). PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. 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. 12/16/2021 1 min. "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. . 11/23/2021 3 min. 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. Melbourne, Victoria, Australia. The Group controls this new entity through the ownership of a 66.67% stake. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. This increase reflected the sharp recovery in business during the second half of the year. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. It's our way of opening our doors and creating opportunities for all. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. Working together for a better future. Carbon Neutral Certificate by Farnek. 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. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. 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. 12/28/2022. . and its hotels to measure and improve its sustainability performance long-term with specific goals. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. 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. Water-efficient landscaping. Many have lost their lives. September 21st, 2021. This plan was the Groups way of encouraging the hospitality business to do There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. The report covers the period 1 January to 31 December. Key Achievements-. 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. Cloudflare Ray ID: 7a2f1863d83a23d4 These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. 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. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. Planet 21 Season 1 [2011-2015]: a solid track record. reduction in plastic packaging. This website is using a security service to protect itself from online attacks. 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. 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 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, In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. After adding a record 45,108 rooms (327 hotels) on an organic basis during the period, including 12,954 rooms (65 hotels) in the Luxury segment, Accor had a portfolio of 739,537 rooms (5,036 hotels) and a pipeline of 208,000 rooms (1,206 hotels) at December 31, 2019, of which 76% in emerging markets. 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. 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. Environment & CSR. Moreover, this operation demonstrated the Groups ambition to accelerate its transition towards a sustainable growth, to notably pursue its commitment in terms of greenhouse gas emission reduction and to affirm its environmental and social values by involving the entire value chain.