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. Carbon Neutral Certificate by Farnek. 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. Click to reveal 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. 2020. 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). 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. Morroco Ourika. 75.119.192.80 Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. PDF 2.23MB At the end of 2021, 25% of leadership positions are filled by women. . For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. 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. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! 11/23/2021 3 min. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. Hyderabad Area, India. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. It's our way of opening our doors and creating opportunities for all. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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.. 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. 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. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). PDF document. 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. 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. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. made possible thanks to the work of our devoted teams Accor over the world. and its hotels to measure and improve its sustainability performance long-term with specific goals. Letter from the CEO. Performance & security by Cloudflare. 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. 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. Premium, Midscale, Economy. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. Planet 21 Season 1 [2011-2015]: a solid track record. Sustainability. and Goals pdf 137671 BHP Climate Transition Action Plan 2021 pdf 2677572 BHP Climate Change Report 2020 pdf 3112031 BHP Scope 1, 2 and 3 GHG Emissions . You can email the site owner to let them know you were blocked. 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. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. We are working to reduce the environmental impacts of our operations through our EnviroAction program. 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. This website is using a security service to protect itself from online attacks. It shares the Group's sustainability journey, provides insights into its strategies, as well as highlights the economic, environmental and social aspects of the Group's developments and operations. The action you just performed triggered the security solution. 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. Click to reveal The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. 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. Performance & security by Cloudflare. room and apartment distribution activities and managed properties). Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. 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. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. . Ethics and Corporate Social Responsibility Charter. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. For further information, visit www.sustainablehospitalityalliance.org. 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. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. Sbastien Bazin, Chairman and Chief Executive Officer of Accor, said:Despite a disrupted start of the year due to overall health restrictions, 2021 showed significant improvement in our business, as of the spring, with trends picking-up month after month right up to December. 00:00. reduction in plastic packaging. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. 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 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. Plant wall, fight against food waste, etc. 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. Your IP: Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. Two key issues to tackle will be food and buildings. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Environmental Policy. 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. 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. Innovation is integral to Kering's sustainability policy. In 2019, this bond had been partially redeemed for the amount of 350 million. The covenant was not tested on the two test dates of June 30 and December 31, 2021. September 21st, 2021. 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. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. 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. hide. 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. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. 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. . 217.61.142.251 Recurring expenditure, which includes key money paid by HotelServices for its development and digital and IT investments, was kept in check, ending the year below the initially indicated range of 150-200 million. All regions are now generating positive EBITDA. 40% of our Resort's hot water is heated by solar power. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. 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. In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. Press releases. 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. . Live stock. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. At the end of 2015, all its hotels were committed to protecting children from abuse (in-house awareness program, WATCH) and more than 4.5 million trees had been planted worldwide since 2009. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. . 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. Environmental Sustainability Highlights 2019/2020 - Hyatt About Working together for a better future. . The change in working capital requirement returned to close to breakeven. Included in the . The Group achieved solid results regarding the actions taken over the 2011-2015 period. 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 website is using a security service to protect itself from online attacks. Your IP: Your IP: Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. Full-Year 2022 Results. 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. 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. AccorHotels, the world's leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. 2021 Integrated report. Your IP: Their report is currently being prepared. We measure and report on our Scope 1, Scope 2 . 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. Key Achievements-. This website is using a security service to protect itself from online attacks. All. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. ESG challenges - i.e., Environmental, Social and Governance (ESG . 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. Environment & CSR. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. The Group targets to re-install an ordinary dividend payment calculated on the basis of 50% of the recurring free cash flow, in line with its historical dividend policy. Today, we want to scale up our ambitions by banking on innovation and accountability. incentive fees based on the hotel operating margin. Corporate Sustainability; . - Lacey Pfalz, Associate Writer, TravelPulse. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. Our Future is About Sustainable Growth. Cloudflare Ray ID: 7a2f181b2b5e1623 Accor. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. Sustainability; Home; . Organic waste diversion program in place. 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. On October 1, 2021, following the all-share merger, Accor became the majority shareholder in the new entity created with Ennismore, positioned in the Lifestyle hotel segment. Responsible Business Report. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. 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). +7 percentage points between the third and fourth quarters). 2019 Sustainability Review. 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. Increase in the Loyalty Mix. 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. A sustainable commitment to improve your hotel's performance. Double our percentage of women in leadership to 34%. Investor feedback suggests a yield in a mid-to-high 2% . Sustainable Food and Beverage. 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. HotelServices, which includes fees from Management & Franchise (M&F) and Services to Owners, generated 1,582 million in revenue, up 36% like-for-like versus FY 2020 (down (46)% like-for-like versus FY 2019). Key considerations and . This website is using a security service to protect itself from online attacks. Through its global sustainability commitments (such as achieving Net Zero Carbon emissions by 2050, global elimination of single use plastics in its hotels' guest experience, etc. RevPAR was down (49)% in FY 2021 compared with FY 2019. During the second half of 2021, the Group returned to a positive cash generation situation. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. This increase reflected the sharp recovery in business during the second half of the year. The new system aims higher and is more accommodating as regards local specifics and operational realities. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. The report covers the period 1 January to 31 December. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. 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.
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