47 million, largely due to the full consolidation of sbe since Q4 2020. Performance & security by Cloudflare. 2020. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Novotel Hyderabad Airport. It is core to our strategy and sits at the heart of everything we do. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. Accor. The action you just performed triggered the security solution. Sustainability and innovation. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. the share of recycled materials used in our garments from 5.8% to 17.9%. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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). The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. Double our percentage of women in leadership to 34%. Key Achievements-. 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. The action you just performed triggered the security solution. Your IP: Today, PACCOR has published its GRI compliant Sustainability Report for the 2020 financial year and overachieved most of its 2020 sustainability targets. Head of Communications, Sustainable Hospitality Alliance, Balthazar Hotel and Spa - MGallery Hotel Collection, Rennes, France. Sustainability is integral to how we contribute to social value creation. incentive fees based on the hotel operating margin. 67.211.219.14 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.. The action you just performed triggered the security solution. Senior Vice President Group External Communications. 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. 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. Included in the . It describes the Company's sustainability platform, material focus areas, goals and results. The action you just performed triggered the security solution. 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. 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. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. Your IP: - Banning the use of overfished species in our restaurants, - Offer free range or cage-free eggs (shell and liquid)*. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. 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. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 Many have lost their lives. Water conservation measures in place. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Planet 21 Season 1 [2011-2015]: a solid track record. With the remit of defining, managing and coordinating the commitments, strategy and roll-out of Group action plans in terms of sustainable development, Brune Poirson joined Accor and its Executive Committee as Sustainable Development Director. Universal Registration Document. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. Cloudflare Ray ID: 7a2f18038eaaef6f . 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. 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. You can email the site owner to let them know you were blocked. Your IP: Cloudflare Ray ID: 7a2f181b2b5e1623 Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. 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, PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. - 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. RevPAR was down (49)% in FY 2021 compared with FY 2019. of suppliers regard H&M Group as a fair business partner. Download Snacking Made Right ESG Report. PDF 2.23MB This improvement in demand meant that average room rates came close to or, in many destinations at the end of 2021, even exceeded pre-Covid-19 levels. 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. You can email the site owner to let them know you were blocked. Here you can filter our content according to your activity and your interests. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. 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. 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. Read more >. For many years, all of Accor brands have been committed to the fight against the sexual exploitation of children. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . 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 . Members benefit from the company's comprehensive loyalty program ALL - Accor Live Limitless a daily lifestyle companion that provides access to a wide variety of rewards, services and experiences. Performance & security by Cloudflare. 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. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. 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. "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. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). 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). Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. Eco-designed materials used in the bedrooms. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). At Accor, we ask our customers to reuse their towels. 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. 16.3 mb. Performance & security by Cloudflare. 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. Key considerations and . We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . Melbourne, Victoria, Australia. Strong growth in consolidated revenue. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. 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). . In five years, water consumption has been cut by nearly 9%, energy consumption by 5.3% and carbon emissions by 6.2%. After a positive EBITDA impact of 20 million in 2020, the incremental impact was 110 million for FY 2021. 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. 217.61.142.251 Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. Morroco Ourika. Click to reveal Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. Plant wall, fight against food waste, etc. Three points should be noted: During FY 2021, Group recurring free cash flow improved significantly, from (727) million in FY 2020 to (246) million in FY 2021. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. You can email the site owner to let them know you were blocked. We share our vision of digital transformation with purpose, our strategy and our . Solid and sustainable rebound. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . This decline reflects an environment disrupted by the resurgence of the Covid-19 pandemic, despite a marked improvement in global business levels from April 2021. You can email the site owner to let them know you were blocked. 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. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . *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. Wilmar International Limited - Asia's Leading Agribusiness Group 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. See stock description. All. Luxury & Lifestyle. 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 Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. Two key issues to tackle will be food and buildings. Cloudflare Ray ID: 7a2f1821ef190cc1 Develops talent from within and a strong disciplinarian who leads by example. 12/28/2022. ESG challenges - i.e., Environmental, Social and Governance (ESG . Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. 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. September 21st, 2021. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). The covenant was not tested on the two test dates of June 30 and December 31, 2021. 2019 Sustainability Review. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. Key performance indicators. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. Amcor 2019 GRI Report. A trouble-shooter who is constantly looking to solve problems and see problems as challenges. 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. 2017 Report. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. - Lacey Pfalz, Associate Writer, TravelPulse. We measure and report on our Scope 1, Scope 2 . 12/16/2021 1 min. This website is using a security service to protect itself from online attacks. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. 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. 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. Read full report. 00:00. 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. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. This website is using a security service to protect itself from online attacks. SUSTAINABILITY AND CSR REPORT 2019. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. It is one of four key enablers to deliver our Strategic Plan. To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. Accor's unmatched position in lifestyle hospitality one of the fastest growing categories in the industry is led by Ennismore, a joint venture, which Accor holds a majority shareholding. Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. Cloudflare Ray ID: 7a2f1819ababf6ad PDF document. Operational waste. Melco recognized by global environmental disclosure system CDP as one of China's . 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. 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. The Report can be accessed here. 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 Sustainability Highlights 2019/2020 - Hyatt About . 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 . accor sustainability report 2020meadowglen lane apartments. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . hide. Live stock. 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. Click on the brand of your choice if you want to filter the benefits. United Arab Emirates. Environmental Policy. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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. . Investor feedback suggests a yield in a mid-to-high 2% . WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. The action you just performed triggered the security solution. 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). During the second half of 2021, the Group returned to a positive cash generation situation. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! Your IP: The . 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. Guest Service Agent - Club Sofitel Lounge. CAC 40 - INDEXEURO. Organic waste diversion program in place. 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. This redemption was notably funded through the issuance of bonds convertible and/or exchangeable into new and/or existing shares (OCEANEs) on December 7, 2020. It's our way of opening our doors and creating opportunities for all. Water-efficient landscaping. We also endeavour to incorporate stakeholder focus areas. This segment, which is closely linked to business in Australia, notably benefited from a recovery in leisure tourism demand during the first half of the year and at the end of FY 2021 on the North-East coast of the country where most of the Groups Strata activities are located (i.e. Planet 21 is AccorHotels' sustainability program which spans six key pillars including People, Guests, Partners, Communities, Buildings and Sustainable Food, with commitments aligned with the United Nation's Sustainable Development Goals. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. Amcor 2020 Sustainability Report. 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). HotelServices EBITDA was positive at 93 million for 2021. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. Huawei engaged SGS, an external assurance provider, to verify the reliability, fairness, and transparency of this report and to issue an independent assurance statement. . In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. Their members make up 25% of the global hotel industry by rooms and include 14 world-leading hotel companies including Marriott International, Hilton, IHG, Hyatt and Radisson Hotels Group as well as regional brands. The report covers the period 1 January to 31 December. To provide the hotels with effective support as they deploy this new plan, Charter 21, the in-house sustainable development management system for hoteliers, has evolved and been renamed Planet 21 in Action. Sustainability. 2021 Consolidated Non-Financial Information. Our 21st Sustainability Report covers the period 01 January 2021 . Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. 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. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. At the end of 2021, 25% of leadership positions are filled by women. 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. Sustainable Food and Beverage. Hyderabad Area, India. The issues we are tackling are systemic, requiring supply chain and business transformation. It reinforces some of the Groups fundamental commitments, such as curbing its environmental footprint, and identifies new objectives which dovetail with both the changes to the business model and its strategic priorities, such as Food & Beverage and the sustainable management of its property portfolio through HotelInvest.
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