The change in working capital requirement returned to close to breakeven. 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). Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. Accor - The commitment to the planet Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. View File. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. 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 performance was linked to the recovery in business which reflected better absorption of fixed costs. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Melco recognized by global environmental disclosure system CDP as one of China's . The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. 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. This website is using a security service to protect itself from online attacks. 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. Integrated Report 2020 - Atos It was a tough year for Shell, but also a year when we set a clear path for our future. Sustainability; Home; . 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, Performance & security by Cloudflare. Cloudflare Ray ID: 7a2f181b2b5e1623 During the second half of 2021, the Group returned to a positive cash generation situation. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. of suppliers regard H&M Group as a fair business partner. Morroco Ourika. 11/23/2021 3 min. Green Hotel Dubai | Sustainable Practices | Four Seasons Resort Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. . 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. 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. Hilton - TRAVEL WITH PURPOSE Increase in the Loyalty Mix. It's our way of opening our doors and creating opportunities for all. RevPAR was down (49)% in FY 2021 compared with FY 2019. 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. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Planet 21 [2016-2020] is structured into four areas of action enlisting its employees, customers, partners and local communities, and two priorities, namely food & beverage and buildings. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. 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. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. SUSTAINABILITY AND CSR REPORT 2018. The fruit and vegetables from this garden are served in the restaurant. Strong growth in consolidated revenue. 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). Eco-designed materials used in the bedrooms. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its 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. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. Press Releases. Accor - Commitment Read Letter from the CEO. 2022 Full-year results. You can email the site owner to let them know you were blocked. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. Environmental Policy. Accor wraps lender calls on 500M of sustainability-linked bonds 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. Each solution measures operational impact, costs and environmental performance . Third-quarter 2021 revenue of 589 million up 79% like-for-like | Accor Solid and sustainable rebound. Dec 2016 - Jan 20181 year 2 months. - Lacey Pfalz, Associate Writer, TravelPulse. 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. 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. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. 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). 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.. Follow us on . 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. Accor. Sustainability Report 2022 | Amcor Shell Sustainability Report 2020 - Home 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. Our 21st Sustainability Report covers the period 01 January 2021 . The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. As a leader in the hospitality sector . HotelServices EBITDA was positive at 93 million for 2021. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. Amcor 2020 Sustainability Report. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. ESG Reporting & Disclosure | Mondelz International, Inc. Reports and Policies - Huawei room and apartment distribution activities and managed properties). 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. 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. PDF Environmental Sustainability Highlights 2019/2020 - Hyatt About 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. Sustainability & Environmental Responsibility | Social - Gore After adding a record 45,108 rooms (327 hotels) on an organic basis during the period, including 12,954 rooms (65 hotels) in the Luxury segment, Accor had a portfolio of 739,537 rooms (5,036 hotels) and a pipeline of 208,000 rooms (1,206 hotels) at December 31, 2019, of which 76% in emerging markets. the share of recycled materials used in our garments from 5.8% to 17.9%. 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. This system encourages ownership of the issues at stake as well as employee and guest accountability regarding social and environmental responsibility. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Full-Year 2020 Results Accor demonstrates resilience and adaptability . At Accor, we ask our customers to reuse their towels. Our Future is About Sustainable Growth. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . Cloudflare Ray ID: 7a2f1821ef190cc1 February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 The action you just performed triggered the security solution. Coupa Software Incorporated - AnnualReports.com 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). and its hotels to measure and improve its sustainability performance long-term with specific goals. 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. You can email the site owner to let them know you were blocked. 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. Responsible Business - InterContinental Hotels Group PLC Click to reveal 2021 ESG REPORT. accor sustainability report 2020meadowglen lane apartments. Our teams are devoted to fighting against this evil and encourage their customers to do the same. This website is using a security service to protect itself from online attacks. incentive fees based on the hotel operating margin. "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. Senior Vice President Group External Communications. Universal Registration Document. 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. Ben van Beurden, CEO. This result contributes to creating a great place to work. 16.3 mb. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. . 2019: Strong results and a successful transformation | Accor - Newsroom 75.119.192.80 Our Future is About Sustainable Growth - Accor made possible thanks to the work of our devoted teams Accor over the world. 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. 2020 Consolidated Non-Financial Information. Click to reveal ESG challenges - i.e., Environmental, Social and Governance (ESG . 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. 193.32.208.109 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Performance & security by Cloudflare. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. Corporate reporting and sustainability policy statement Carbon Neutral Certificate by Farnek. 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. The assessment included seeking internal and external stakeholder feedback. Guest Service Agent - Club Sofitel Lounge. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. 01/03/2023 02:25 (Paris) 7.74 2.31%. 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. *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. Performance & security by Cloudflare. Accor - Shareholders & Investors After five years, the results of the first phase of the plan are very encouraging. 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. 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. Luxury & Lifestyle. During full-year 2020, Accor opened 205 hotels, i.e., 28,942 rooms, confirming the appeal of the Group's brands to hotel owners.