Business travel

Accor: leisure demand boosts third quarter sales

Accor announced sales of 589 million euros in the third quarter, up 79% like-for-like over one year, but down around 40% compared to 2019. “Our business was very strong this summer in Europe, the Middle East and the Americas, especially for our leisure destinations, ”he said. “These trends are expected to persist until the end of the year.”

Revenue per available room for the third quarter improved 20 percentage points from the second quarter of 2021, but its level of € 40 was still down around 37.3% from the third quarter of 2019. The occupancy rate was 49.8%, a decrease of 24.1 percentage points. The average daily rate is € 81, down 7.3%.

In the Americas, RevPAR was € 45, down 37.7% for the quarter compared to 2019. The occupancy rate was 43.7%, a decrease of 22.1 percentage points. percentage. The ADR was € 103, a decrease of 6.8%.

Accor opened approximately 10,000 rooms in 82 hotels during the quarter, for system net growth of 2.5% year-on-year. The company anticipates net growth of around 3% for the full year 2021. As of September 30, Accor’s portfolio comprised 769,000 rooms in 5,252 hotels and a pipeline of 211,000 rooms in 1,187 hotels.

Immediately after the close of the third quarter, Accor announced that it had become the majority owner with two-thirds of a joint venture with the operator of the luxury brand Ennismore, formed in 2021 and focused on the style segment. of life. The company also announced that it will offer Groups360’s instant meeting booking solution and that it is participating in HRS’s Green Stay initiative.

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