Accor income slips in first half of economic 2021 | Information

Accor revenue slips in first half of financial 2021 | News

Accor has reported consolidated income of €824 million for the primary half of 2021.

The determine is six per cent down on a like-for-like foundation when in comparison with the first-half of final 12 months, however 53 per cent down on the identical interval of 2019.

RevPAR fell by 60 per cent towards the primary six months of 2019.

The corporate mentioned the decline masks very combined conditions by nation.

Sure areas skilled a exceptional enchancment from the primary quarter of the 12 months, whereas others continued to be hard-hit by authorities restrictions linked to the Covid-19 well being disaster.

Sébastien Bazin, chief govt of Accor, mentioned: “Since Might, we’ve seen a transparent restoration.

“Constructive indicators together with the ramp up of vaccine roll out and the progressive reopening of borders will proceed all through the summer season.”

He added: “Within the first half of the 12 months, Accor considerably improved its working efficiency.

“Moreover, we continued to effectively and cautiously handle our liquidity and investments.

“We’re subsequently ready for the rebound with a stable steadiness sheet and an more and more agile and environment friendly organisational construction.

“It’s nonetheless too early to totally outline the outlook for the tip of the 12 months, however we’re assured in our capability to seize restoration in all geographies and to place into place a reinvented imaginative and prescient of journey.”

On the of June, the group had a portfolio of 762,000 rooms unfold throughout 5,199 accommodations and a steady pipeline of 211,000 rooms in 1,203 accommodations.

As of July 26th, 93 per cent of Accor accommodations had been open.

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