Pressemitteilung -
Half-year 2021: The recovery is gaining traction, but remains heterogeneous
RESET recurring cost savings initiatives are delivering results
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REVPAR DOWN BY 60% VERSUS H1 2019
EBITDA SENSITIVITY AND
CASH BURN INDICATORS CONFIRMED FOR FULL-YEAR 2021
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REVENUE DOWN 10% TO €824 MILLION ((6)% LFL)
H1 EBITDA NEGATIVE AT €(120) MILLION
NEGATIVE RECURRING FREE CASH FLOW OF €(260) MILLION
NET PROFIT, GROUP SHARE OF €67 MILLION
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Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said:
“Since May, we have seen a clear recovery. Positive signs including the ramp up of vaccine roll out and the progressive reopening of borders will continue throughout the summer.
In the first half of the year, Accor significantly improved its operating performance. Furthermore, we continued to efficiently and cautiously manage our liquidity and investments. We are therefore prepared for the rebound with a solid balance sheet and an increasingly agile and efficient organizational structure. It is still too early to fully define the outlook for the end of the year, but we are confident in our ability to capture recovery in all geographies and to put into place a reinvented vision of travel.”
Consolidated first-half revenue (H1 2021) totaled €824 million, down (10)% as reportedand down (6)% like-for-like versus first-half 2020 (H1 2020), i.e., (53)% compared withfirst-half 2019 (H1 2019).
RevPAR fell by (60)% versus H1 2019. This decline masks very mixed situations bycountry. Certain regions experienced a remarkable improvement from the first quarterof the year, while others continued to be hard-hit by government restrictions linked tothe Covid-19 health crisis.
Changes in the scope of consolidation (acquisitions and disposals) had a negative impactof €(19) million, largely due to the disposal of Mövenpick leased hotels in early March 2020.
Currency effects had a negative impact of €(16) million, mainly due to the US dollar(+10%) and the Brazilian real (+21%).
During the first half, Accor opened 121 hotels, representing 15,000 rooms, i.e., netsystem growth of +1.9% over the twelve-month period. The pace of the gross openingwas subdued as the hotel owners are cautiously monitoring the activity rebound. TheGroup expects a net system growth in the low range between 3% and 4%.
At end-June 2021, the Group had a portfolio of 762,000 rooms (5,199 hotels) and astable pipeline of 211,000 rooms (1,203 hotels).
As of July 26, 2021, 93% of Group hotels were open, i.e., more than 4,800 units.
Die vollständige Presseinformation finden Sie im Anhang. Aufgrund der Kurzfristigkeit folgt die deutsche Version der Presseaussendung.
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Accor ist eine weltweit führende Unternehmensgruppe für Augmented Hospitality, die einzigartige Erlebnisse in mehr als 5.100 Hotels sowie 10.000 Restaurants und Bars in 110 Ländern bietet. Als eines der vielfältigsten und am besten integrierten Hospitality-Ökosysteme umfasst Accor Luxus- und Premiummarken, Midscale- und Economy-Angebote, einzigartige Lifestyle-Konzepte, Veranstaltungsorte und Nachtclubs, Restaurants und Bars, Co-Working-Spaces und vieles mehr. Damit verfügt Accor über ein unvergleichliches Portfolio einzigartiger Marken und rund 260.000 Mitarbeiterinnen und Mitarbeiter weltweit. Das Treueprogramm ALL - Accor Live Limitless ist Lifestyle-Begleiter für rund 68 Millionen Kundinnen und Kunden und bietet Zugang zu einer Vielzahl von Services und Erlebnissen. Mit den Initiativen Planet 21-Acting Here, Accor Solidarity, RiiSE und dem ALL Heartist Fund setzt die Gruppe zusätzlich positive Maßnahmen in den Bereichen Geschäftsethik, verantwortungsvoller Tourismus, ökologische Nachhaltigkeit, Engagement für die Gemeinschaft sowie Vielfalt und Inklusion. 1967 gegründet, hat Accor SA den Hauptsitz in Frankreich. Die Unternehmensgruppe ist an der Euronext in Paris (Code ISIN: FR0000120404) und am OTC-Markt in den USA (Code: ACCYY) notiert. Weitere Informationen finden Sie auf der Website group.accor.com oder Twitter, Facebook,LinkedIn und Instagram.
