The consolidated financial statements and notes related to this press release are available on the www.accor.com website. 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.. - Lacey Pfalz, Associate Writer, TravelPulse. *This commitment should be reached in the year 2020 in areas where the supply chains are developed (in-shell eggs in Europe, for example) and by 2025 on the markets where the supply chains are still in development. As of end of December 2021, combined . Energy-saving guest room controls and building systems. 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. Water conservation measures in place. 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 Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. Cloudflare Ray ID: 7a2f181ebecd86c6 CAC 40 - INDEXEURO. Morroco Ourika. Mar 2021 - Apr 20221 year 2 months. After five years, the results of the first phase of the plan are very encouraging. A sustainable commitment to improve your hotel's performance. The Group achieved solid results regarding the actions taken over the 2011-2015 period. Press Releases. . 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. Accor Planet 21 Background . Innovation is integral to Kering's sustainability policy. Cloudflare Ray ID: 7a2f18038eaaef6f For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. Sustainability. 217.61.142.251 Performance & security by Cloudflare. 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. By reducing its cradle-to-grave carbon footprint intensity of 11% compared to 2019 and increasing the recyclability of its products to a total of 65% the company is on a clear and ambitious path forward with its sustainability strategy CARE. United Arab Emirates. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. 2020. Your IP: Revenue Manager. 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). You can email the site owner to let them know you were blocked. Develops talent from within and a strong disciplinarian who leads by example. 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. 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. 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. This website is using a security service to protect itself from online attacks. 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. Performance & security by Cloudflare. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. Key Achievements-. 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. . This redemption was notably funded through the issuance of bonds convertible and/or exchangeable into new and/or existing shares (OCEANEs) on December 7, 2020. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. 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. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. 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. 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. Amcor 2020 Sustainability Report. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. You can email the site owner to let them know you were blocked. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! ESG challenges - i.e., Environmental, Social and Governance (ESG . - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. 2017 Report. The new system aims higher and is more accommodating as regards local specifics and operational realities. Water-efficient landscaping. 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. Investor feedback suggests a yield in a mid-to-high 2% . Double our percentage of women in leadership to 34%. 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. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . Eco-designed materials used in the bedrooms. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. Download Snacking Made Right ESG Report. 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. Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Today, we want to scale up our ambitions by banking on innovation and accountability. Our teams are devoted to fighting against this evil and encourage their customers to do the same. 2018 Consolidated Non-Financial Information. Your IP: The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. Click to reveal Cloudflare Ray ID: 7a2f1863d83a23d4 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). 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. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. accor sustainability report 2020meadowglen lane apartments. Melco recognized by global environmental disclosure system CDP as one of China's . Luxury & Lifestyle. the share of recycled materials used in our garments from 5.8% to 17.9%. The Report can be accessed here. 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. Responsible Business Report 2022. 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. 62.141.45.132 Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. Click on the brand of your choice if you want to filter the benefits. Sustainable Food and Beverage. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 75.119.192.80 Accor, a world leading hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable Hospitality Alliance, a global organisation that brings together engaged hospitality companies and uses the industry's collective power to address and tackle . 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. We measure and report on our Scope 1, Scope 2 . Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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. This increase reflected the sharp recovery in business during the second half of the year. 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. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . Novotel Hyderabad Airport. 12/28/2022. Click to reveal Read Letter from the CEO. 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. 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. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. 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. Solid and sustainable rebound. This result contributes to creating a great place to work. 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. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. 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. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. Cloudflare Ray ID: 7a2f181b2b5e1623 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. Follow us on . In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. 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. Sustainability Disclosure 2021. 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. The action you just performed triggered the security solution. 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. 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. We are working to reduce the environmental impacts of our operations through our EnviroAction program. Their members make up 25% of the global hotel industry by rooms and include 14 world-leading hotel companies including Marriott International, Hilton, IHG, Hyatt and Radisson Hotels Group as well as regional brands. 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. This website is using a security service to protect itself from online attacks. 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. SUSTAINABILITY AND CSR REPORT 2019. It was a tough year for everyone. 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. 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). Accor's sustainability approach includes initiatives at your hotel to . Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. of suppliers regard H&M Group as a fair business partner. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . 2019 Sustainability Review. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 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. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. For further information, visit www.sustainablehospitalityalliance.org. Waste Reduction. 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. The action you just performed triggered the security solution. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). Dec 2016 - Jan 20181 year 2 months. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . Your IP: Initiatives to cut fixed costs were partially offset by weaker government subsidies than a year earlier, but nevertheless also continued to have a positive impact. 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. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. Our Future is About Sustainable Growth. All regions are now generating positive EBITDA. This change masks disparities between the hard-hit businesses directly related to the Travel segment, such as onefinestay private home rentals, and the digital businesses, such as D-Edge services. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. 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. 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. 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. 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 . For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram. Environmental Sustainability Highlights 2019/2020 - Hyatt About Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 00:00. 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. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. Anne-France MalrieuImage 7Phone: +33 1 53 70 74 66afmalrieu@image7.fr, Carina Alfonso MartinDirectrice des Relations Media mondePhone: +33 1 45 38 84 84carina.alfonsomartin@accor.com, Delphine DumonceauRelations pressePhone: +33 1 45 38 84 95delphine.dumonceau@accor.com, Marie-Camille AubagnacRelations pressePhone: +33 1 45 38 19 16marie-camille.aubagnac@accor.com, Sbastien ValentinSVP Financial Communications and Investor RelationsPhone: 33 (0)1 45 38 86 25sebastien.valentin@accor.com, Marie NielInvestor RelationsPhone: +33 (0)1 45 38 86 94marie.niel@accor.com. Increase in the Loyalty Mix. . Recycling program in place. 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)%. The issues we are tackling are systemic, requiring supply chain and business transformation. Environmental Policy. Planet 21 Season 1 [2011-2015]: a solid track record. 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. Read full report. Their report is currently being prepared. Wilmar International Limited - Asia's Leading Agribusiness Group 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. The Group controls this new entity through the ownership of a 66.67% stake. 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. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. 2022 Full-year results. 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. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. Plant wall, fight against food waste, etc. It follows the GRI methodology and use selected Standards with a GRI . Our Future is About Sustainable Growth. Your IP: The expansion of The Pledge comes at a time when travellers' awareness of and demand for tourism sustainability practices continues to grow, with Millennials and GenZ taking the lead with heightened environmental consciousness. Accor has set some of the most ambitious sustainability targets in the industry, and in 2021, we committed to achieving net-zero carbon emissions by 2050. Operational waste. Sustainability is integral to how we contribute to social value creation. Accor. View File. Accor is a hotel management company founded in 1967 and based in Paris, France. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. 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. You can email the site owner to let them know you were blocked. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. It is core to our strategy and sits at the heart of everything we do. 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. . We share our vision of digital transformation with purpose, our strategy and our . This performance was linked to the recovery in business which reflected better absorption of fixed costs. Click to reveal Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. 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. It is one of four key enablers to deliver our Strategic Plan. 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. Cloudflare Ray ID: 7a2f1819ababf6ad 40% of our Resort's hot water is heated by solar power. 531 kb. Ben van Beurden, CEO. Two key issues to tackle will be food and buildings. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). It's our way of opening our doors and creating opportunities for all. ), 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. 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. 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 .

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