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. All regions are now generating positive EBITDA. Solid and sustainable rebound. 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. 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. Revenue in the Hotel Assets & Other segment was up 29% like-for-like versus FY 2020 and down (35)% like-for-like versus FY 2019. 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). All. The proceeds of this issue were partly used to refinance existing debt of 448 million with maturities in 2023 and 2024, through a Liability Management operation coupled to this bond issue. 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. 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. . 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. incentive fees based on the hotel operating margin. ITC's Sustainability Reports Click to reveal In 2019, this bond had been partially redeemed for the amount of 350 million. Our Future is About Sustainable Growth. Click to reveal 2019: Strong results and a successful transformation | Accor - Newsroom Responsible Business Report. 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. 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. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. Performance & security by Cloudflare. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. You can email the site owner to let them know you were blocked. Key Achievements-. 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). Your IP: We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. We also endeavour to incorporate stakeholder focus areas. ESG | Korian United Arab Emirates. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. Accor. Allianz Sustainability Report Sustainability Disclosure 2021. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. 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 . During the first quarter of 2021, two capital increases were completed for the amounts of 150 million (of which 45 million for Accor) and of 327 million (of which 109 million for Accor). This website is using a security service to protect itself from online attacks. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. HotelServices EBITDA was positive at 93 million for 2021. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. 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. 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 Reports | CapitaLand 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). - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. Accor - Commitment Responsible Business Report 2022. As part of a policy of progress and transparency, the Group asked its customers for their views on these issues, updated its environmental footprint and assessed its socio-economic footprint for the first time to assess the challenges it faces and construct its new 5-year program. 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.. 2020 Consolidated Non-Financial Information. Operational waste. 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. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. 62.141.45.132 The Board's Responsible Business Committee reviews IHG's responsible business objectives and strategy, including the impact on environmental, social, community and human rights issues; IHG's strategic approach to sustainable development and responsible procurement; and how IHG engages with stakeholders. PDF Environmental Sustainability Highlights 2019/2020 - Hyatt About Our 21st Sustainability Report covers the period 01 January 2021 . 217.61.142.251 The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. ), 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. Innovation is integral to Kering's sustainability policy. 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. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. 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. 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. Cloudflare Ray ID: 7a2f1863d83a23d4 The action you just performed triggered the security solution. Melco recognized by global environmental disclosure system CDP as one of China's . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. The action you just performed triggered the security solution. The issues we are tackling are systemic, requiring supply chain and business transformation. Water-efficient landscaping. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. Press Releases. 00:00. 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. Guest Service Agent - Club Sofitel Lounge. 75.119.192.80 Performance & security by Cloudflare. For 2022, the Group expects a net unit growth of 3.5%. We share our vision of digital transformation with purpose, our strategy and our . Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. 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. Annual report | Signify Company Website . 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. Accor - The commitment to the planet

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