Accor: Solid activity growth and raised full-year guidance

Half-Year 2023




H1 2023 REVPAR UP 38% VS H1 2022
DEMAND EXPECTED TO REMAIN STRONG FOR THE COMING MONTHS




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REVENUE UP 39% TO €2,402 MILLION (+35% LFL) 
EBITDA MORE THAN DOUBLED TO €447 MILLION 
NET PROFIT GROUP SHARE AT €248 MILLION

Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said:
"Half-year activity growth was very strong across all of our brands and markets. These good performances are underpinned by the rigorous execution of our strategy, the attractiveness of our brands and the commitment of our teams. This momentum should continue for the coming months, driven by robust demand in both leisure and business tourism. The performance enables us to raise our 2023 guidance and to continue investing in our brands, talents and digital tools."

Business trends in Q2 2023 were solid in the Group's two divisions. Hotel demand from both leisure and business guests remained buoyant. This was shown by the improvement in occupancy rates and a sustained increase in average room rates.






These results enable the Group to raise its full-year EBITDA guidance presented at the Capital Markets Day on June 27th, 2023.
During first-half 2023, Accor opened 114 hotels, representing 14,500 rooms, i.e. net unit growth of 3.5% in the last 12 months. At end-June 2023, the Group had a hotel portfolio of 805,436 rooms (5,487 hotels) and a pipeline of 217,000 rooms (1,262 hotels).
For 2023, the Group is confirming its forecast of net unit growth of the network between 2% and 3%.
Die Presseaussendung und weitere Informationen zu den Halbjahresergebnissen 2023 von Accor finden Sie unter folgendem Link: Financial Result (accor.com).