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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. Cloudflare Ray ID: 7a2f1863d83a23d4 PDF document. 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. 47 million, largely due to the full consolidation of sbe since Q4 2020. At the end of 2021, 25% of leadership positions are filled by women. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Included in the Integrated Report (Section 6 - p. 120) Download. 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. The Report can be accessed here. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. hide. 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. 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. RevPAR was down (49)% in FY 2021 compared with FY 2019. This website is using a security service to protect itself from online attacks. Click to reveal . 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, 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. 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. 193.32.208.109 This website is using a security service to protect itself from online attacks. Today, we want to scale up our ambitions by banking on innovation and accountability. The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. 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. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. 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. Cloudflare Ray ID: 7a2f1819ababf6ad View File. By activity, this growth breaks down into a 36% increase for HotelServices and 29% for Hotel Assets & Other. During the second half of 2021, the Group returned to a positive cash generation situation. 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. Corporate Sustainability; . Accor's sustainability approach includes initiatives at your hotel to . The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. 67.211.219.14 This website is using a security service to protect itself from online attacks. As of December 31, 2021, the average cost of Accor's debt came to 2.2% with an average maturity of four years, with no major repayment dates before 2026. 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. Melbourne, Victoria, Australia. Korian Share. 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). Your IP: The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. - 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. Performance & security by Cloudflare. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. 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. 2019 Sustainability Review. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. 12/16/2021 1 min. 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. 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. 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)%. Investor feedback suggests a yield in a mid-to-high 2% . Sustainability Accor reaffirms its net-zero commitment and signs two new initiatives. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. Performance & security by Cloudflare. 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. 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. 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. Solid and sustainable rebound. You can email the site owner to let them know you were blocked. 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. 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. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. You can email the site owner to let them know you were blocked. For 2022, the Group expects a net unit growth of 3.5%. revlon flex conditioner review; is frankenstein 1931 movie public domain; accor sustainability report 2020 United Arab Emirates. Working together for a better future. 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. PDF document. Revenue Manager. Click to reveal 2022 Full-year results. 2018 Consolidated Non-Financial Information. Carbon Neutral Certificate by Farnek. This increase reflected the sharp recovery in business during the second half of the year. Click to reveal 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. 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. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . The cost of net financial debt was up between FY 2020 and FY 2021, reflecting the downward revision to the Groups S&P credit rating in August 2020. Click on the brand of your choice if you want to filter the benefits. The action you just performed triggered the security solution. 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 . Key considerations and . With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. Luxury & Lifestyle. 2011-2020 Huawei Consumer Business . Press releases. reduction in plastic packaging. Dec 2016 - Jan 20181 year 2 months. Live stock. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. Our Future is About Sustainable Growth. 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. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. We measure and report on our Scope 1, Scope 2 . Innovation is integral to Kering's sustainability policy. 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 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 website is using a security service to protect itself from online attacks. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. This performance was linked to the recovery in business which reflected better absorption of fixed costs. Accsys offers the world a choice to build more sustainably, and we are committed to improving the positive impact we can make in the world, and in Environmental, Social and Governance (ESG) areas. Besides, Accor will continue working on restoring its pre-Covid credit profile and could contemplate an additional return beyond its ordinary dividend subject to the respect of this objective. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. Operational waste. It describes the Company's sustainability platform, material focus areas, goals and results. 62.141.45.132 Two key issues to tackle will be food and buildings. It is one of four key enablers to deliver our Strategic Plan. 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. . This website is using a security service to protect itself from online attacks. 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. Accor is a hotel management company founded in 1967 and based in Paris, France. 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). Mar 2021 - Apr 20221 year 2 months. The fruit and vegetables from this garden are served in the restaurant. Click to reveal Accor Planet 21 Background . 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. Although the effects of this unprecedented crisis linked to the Covid-19 pandemic have not yet fully disappeared, all of the Groups geographies now appear to be well on the way to enjoying more normative levels of business. Senior Vice President Group External Communications. Wilmar International Limited - Asia's Leading Agribusiness Group Click to reveal The action you just performed triggered the security solution. 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. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. 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. At the end of December 2021, the Group had a hotel portfolio of 777,714 rooms (5,298 hotels) and a pipeline of 214,000 rooms (1,218 hotels). Performance & security by Cloudflare. Group revenue for the third quarter of 2021 came in at 589 million, up 79% as reported, and 79% like-for-like versus Q3 2020 (i.e., -40% compared with Q3 2019). Ben van Beurden, CEO. room and apartment distribution activities and managed properties). Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. made possible thanks to the work of our devoted teams Accor over the world. Energy-saving guest room controls and building systems. This plan was the Groups way of encouraging the hospitality business to do 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. Amcor 2019 GRI Report. Water conservation measures in place. Performance & security by Cloudflare. We are working to reduce the environmental impacts of our operations through our EnviroAction program. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. ESG challenges - i.e., Environmental, Social and Governance (ESG . Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. During 2021, Accor organically opened 288 hotels, representing 41,000 rooms, resulting in a net growth in the network of 3% over the 12-month period. SUSTAINABILITY AND CSR REPORT 2018. Letter from the CEO. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. . Melco recognized by global environmental disclosure system CDP as one of China's . 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. Premium, Midscale, Economy. You can email the site owner to let them know you were blocked. SUSTAINABILITY AND CSR REPORT 2019. Here you can filter our content according to your activity and your interests. It was a tough year for everyone. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Sustainability is integral to how we contribute to social value creation. . Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. The assessment included seeking internal and external stakeholder feedback. Guest Service Agent - Club Sofitel Lounge. 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. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. 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. Environmental Policy. Performance & security by Cloudflare. 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. Develops talent from within and a strong disciplinarian who leads by example. At Accor, we ask our customers to reuse their towels. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . The action you just performed triggered the security solution. Double our percentage of women in leadership to 34%. Our 21st Sustainability Report covers the period 01 January 2021 . 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. The Group achieved solid results regarding the actions taken over the 2011-2015 period. Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. 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. 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). "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. It follows the GRI methodology and use selected Standards with a GRI . 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 fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. 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. 00:00. Included in the . For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. The report covers the period 1 January to 31 December. 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.