accor sustainability report 2020
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). notably in the Food & Beverage segment, but also for flex office activities, wellness, entertainment and events as well as technologies linked to the hotel industry. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). Today, we want to scale up our ambitions by banking on innovation and accountability. 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. View File. 2020. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. In the Americas, the improvement in RevPAR was also noteworthy (+18 percentage points between the third and fourth quarters) which translated into a FY 2021 RevPAR down (46)% compared with FY 2019. 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 . of suppliers regard H&M Group as a fair business partner. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners. 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. 2020 Consolidated Non-Financial Information. 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. 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. 00:00. 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. As of end of December 2021, combined . 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 . Read more >. Your IP: 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. Operational waste. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Letter from the CEO. 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. It was a tough year for everyone. A sustainable commitment to improve your hotel's performance. Performance & security by Cloudflare. This plan was the Groups way of encouraging the hospitality business to do Water conservation measures in place. 00:00. WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. 217.61.142.251 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 . 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. 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. Performance & security by Cloudflare. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. Premium, Midscale, Economy. This website is using a security service to protect itself from online attacks. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. 2021 ESG REPORT. 6/24/2020. Corporate Sustainability; . Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. It is one of four key enablers to deliver our Strategic Plan. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. Moreover, our pipeline continues to flourish, with Luxury & Upscale segment representing close to 40% of future openings, a 12-point increase in the past 4 years. Sustainability is integral to how we contribute to social value creation. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. 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. 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. 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. 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. 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. Senior Vice President Group External Communications. 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. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. A team leader who gets the best out of his staff. You can email the site owner to let them know you were blocked. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. The Management & Franchise division of HotelServices reported EBITDA of 275 million, significantly higher than in 2020 (25 million) and down (64)% like-for-like compared with FY 2019. Your IP: There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. For further information, visit www.sustainablehospitalityalliance.org. Each solution measures operational impact, costs and environmental performance . Included in the Integrated Report (Section 5 - p. 88) download. 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. Double our percentage of women in leadership to 34%. Follow us on . Planet 21 Season 1 [2011-2015]: a solid track record. Investor feedback suggests a yield in a mid-to-high 2% . Sustainability; Home; . There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. Performance & security by Cloudflare. Environmental Sustainability Highlights 2019/2020 - Hyatt About "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. 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. 12/16/2021 1 min. Your IP: 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. - Eco-certified soap, shower gel and shampoo is available in our rooms, - Environmentally-friendly, eco-certified cleaning products. HotelServices EBITDA was positive at 93 million for 2021. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. 193.32.208.109 Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 2019 Sustainability Review. Coupa Software (NASDAQ:COUP) is the cloud platform for business spend management (BSM). On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its Our teams are devoted to fighting against this evil and encourage their customers to do the same. The action you just performed triggered the security solution. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. It follows the GRI methodology and use selected Standards with a GRI . Click to reveal The action you just performed triggered the security solution. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. Novotel Hyderabad Airport. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Our 21st Sustainability Report covers the period 01 January 2021 . With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. Solid and sustainable rebound. Sustainability Accor Reinforces Commitment to Lower Carbon Emissions and Greater Energy Sufficiency. This increase reflected the sharp recovery in business during the second half of the year. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . Revenue Manager. . The Report can be accessed here. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. 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.. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. 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. The fruit and vegetables from this garden are served in the restaurant. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. You can email the site owner to let them know you were blocked. This result contributes to creating a great place to work. Carbon Neutral Certificate by Farnek. Globally, there is a trend towards technical alignment among the five leading global sustainability reporting framework developers and standards-setters - CDP, Climate Disclosure Standards Board (CDSB), Global Reporting Initiative (GRI), International Integrated Reporting Council (IIRC) and Sustainability Accounting Standards Board (SASB) - known collectively as the Group of Five. Press releases. At Accor, we ask our customers to reuse their towels. Wilmar International Limited - Asia's Leading Agribusiness Group 2017 Report. 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 IHG Academy is a collaboration where we link up with education providers and community groups around the world by providing local people with the opportunity to develop skills and improve their employment prospects in one of the world's largest leading hotel companies. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. Energy-saving guest room controls and building systems. Mar 2021 - Apr 20221 year 2 months. Key considerations and . 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. The expiry of loyalty points at the end of the year eased the impact of the decline in revenue for this area of business compared to the Management & Franchise (M&F) activity. 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. 75.119.192.80 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. Cloudflare Ray ID: 7a2f181b2b5e1623 2018 Consolidated Non-Financial Information. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. CAC 40. The action you just performed triggered the security solution. Guest Service Agent - Club Sofitel Lounge. 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, 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. Cloudflare Ray ID: 7a2f1819ababf6ad United Arab Emirates. PDF document. The Executive Summary has been crafted to provide its reader a quick overview of ITC's Sustainability journey in FY2022, serving as a concise yet comprehensive companion to the detailed Sustainability and . RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. All. Full-Year 2022 Results. 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. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. 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. . It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience.