Accor today announced its full-year 2022 earnings results, showing a solid and sustainable rebound in the group’s activity after two consecutive years severely impacted by the COVID-19 pandemic.
“Tourism recovered substantially in 2022 and our performances, up strongly in all regions, reflected that rebound,” said Sébastien Bazin, Chairman and Chief Executive Officer of Accor
The company reports this rebound in all regions except Asia, which continues to be affected by China’s strict COVID policies, the earnings report said. The recovery was also driven largely by domestic guests, as international travelers still haven’t returned to pre-pandemic levels.
Group RevPAR for full-year 2022 was 2% higher than in 2019. The group’s North/Central America and Caribbean region RevPAR was 8% higher in Q4 2022 than in Q4 2019, strongly fueled by inflated prices.
During 2022, Accor opened 299 hotels, corresponding to 43,000 rooms, a net growth of 3.2% over the year. At the end of last year, the group had a hotel portfolio of 802,269 rooms (5,445 hotels) and a pipeline of 216,000 rooms (1,247 hotels).
“We exceeded our financial and non-financial targets and can look to the future with serenity,” Bazin said. “Our brands are attractive, our distribution is powerful, our teams are talented and motivated, and our organization has been adapted to capture future growth even more effectively.”