16.3 mb. 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. 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. 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. 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. View File. 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). The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. . . We keep a close eye on our key extra-financial performance indicators in order to demonstrate the results we achieve and the shared value that we create. 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. Amcor 2019 GRI Report. On October 1, 2021, following the all-share merger, Accor became the majority shareholder in the new entity created with Ennismore, positioned in the Lifestyle hotel segment. Read full report. 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. 2022 Full-year results. This website is using a security service to protect itself from online attacks. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. View File. 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). Letter from the CEO. Hotel Assets & Other EBITDA came to 48 million in 2021 versus (22) million in 2020. Quality Policy. 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. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. Marriott International, Inc. (Nasdaq: MAR) ("Marriott") today released its 2021 Serve 360 Report presenting data from 2020 and demonstrating its Environmental, Social, and Governance (ESG) efforts toward the company's 2025 Sustainability and Social Impact Goals. As the desire to escape and to resume travelling has never been stronger, we are well underway to make the most of this rebound in all our markets. Performance & security by Cloudflare. September 21st, 2021. As of end-December 2021, this segment, which includes owned and leased hotels, represented 117 hotels and 23,309 rooms. This website is using a security service to protect itself from online attacks. 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. 2020 Consolidated Non-Financial Information. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. 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, During the second half of 2021, the Group returned to a positive cash generation situation. 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. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. . Through its Planet 21 Acting Here, Accor Solidarity, RiiSE and ALL Heartist Fund initiatives, the group is focused on driving positive action through business ethics, responsible tourism, environmental sustainability, community engagement, diversity and inclusivity. With the remit of stepping up development of the two brands by rolling out exceptional offerings and cultural excellence with its teams, Accor appointed Stephen Alden to its Executive Committee and is CEO of the Raffles and Orient Express brands. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. *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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 67.211.219.14 PDF document. 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. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. 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. This plan was the Groups way of encouraging the hospitality business to do Two key issues to tackle will be food and buildings. 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. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. In 2019, this bond had been partially redeemed for the amount of 350 million. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . This report also includes a summary of how ITC's Sustainability 2.0 ambitions and priorities are contributing to the achievement of United Nation's Sustainable Development Goals (UN SDGs). The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. Novotel Hyderabad Airport. Innovation is integral to Kering's sustainability policy. CAC 40. of suppliers regard H&M Group as a fair business partner. 2017 Report. In 2022, the finalization of the plan should have a positive impact on EBITDA amounting to 50 million. February 23rd, 2023 at 8:30am (Paris Time) 02/23/2023 Hotel portfolio as of December 31, 2022 Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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). Performance & security by Cloudflare. United Arab Emirates. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. 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. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. Responsible Business Report 2022. 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. We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts Sustainability is integral to how we contribute to social value creation. Working together for a better future. Your IP: We are working to reduce the environmental impacts of our operations through our EnviroAction program. 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. 6/24/2020. 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. 62.141.45.132 Korian Share. Initiatives to cut fixed costs were partially offset by weaker government subsidies than a year earlier, but nevertheless also continued to have a positive impact. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . Coupa provides a unified, cloud-based spend management platform that connects hundreds of . Organic waste diversion program in place. Ethics and Corporate Social Responsibility Charter. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. At Shell, we are doing everything we can to help in the global response to the virus. 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. After five years, the results of the first phase of the plan are very encouraging. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . 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). Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. 2021 ESG REPORT. Your IP: We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . Senior Vice President Group External Communications. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. 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. It follows the GRI methodology and use selected Standards with a GRI . All. At the end of 2021, the Group notably successfully renegotiated the covenant linked to the 1,200 million credit facility which now includes a liquidity covenant out to December 2023 before returning to the initial net debt ratio covenant. Your IP: 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. With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. You can email the site owner to let them know you were blocked. 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. The expansion of The Pledge comes at a time when travellers' awareness of and demand for tourism sustainability practices continues to grow, with Millennials and GenZ taking the lead with heightened environmental consciousness. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. The action you just performed triggered the security solution. 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. 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. Performance & security by Cloudflare. Luxury & Lifestyle. Mar 2021 - Apr 20221 year 2 months. Click to reveal The assessment included seeking internal and external stakeholder feedback. Download Snacking Made Right ESG Report. Water-efficient landscaping. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. The Report can be accessed here. Ben van Beurden, CEO. It describes the Company's sustainability platform, material focus areas, goals and results. For further information, visit www.sustainablehospitalityalliance.org. 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. Press releases. Environmental Policy. 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. 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. Melco recognized by global environmental disclosure system CDP as one of China's . 2021 Integrated report. 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. reduction in plastic packaging. 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. 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. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. 47 million, largely due to the full consolidation of sbe since Q4 2020. To provide a comparison with RevPAR (presented as the change versus FY 2019 throughout this release), the like-for-like decline in revenue versus FY 2019 is (42)%. During 2021, Accor organically opened 288 hotels, representing 41,000 rooms, resulting in a net growth in the network of 3% over the 12-month period. Accor's 4,100 hotels are present in 90 countries, offering nearly 500,000 rooms. Eco-designed materials used in the bedrooms. A sustainable commitment to improve your hotel's performance. . Waste Reduction. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. 1,200 million revolving credit line, concluded with a consortium of banks in June 2018. 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. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. Included in the Integrated Report (Section 5 - p. 88) download. 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. You can email the site owner to let them know you were blocked. - 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. Our Future is About Sustainable Growth. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. Performance & security by Cloudflare. As a leader in the hospitality sector . RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. You can email the site owner to let them know you were blocked. At Accor, we ask our customers to reuse their towels. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. Read Letter from the CEO. Increase in the Loyalty Mix. 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. Amcor 2020 Sustainability Report. The . 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. Press Releases. The action you just performed triggered the security solution. Responsible Business Report. 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. The Board of Directors met on February 23, 2022 and reviewed the financial statements ending on December 31, 2021. Here you can filter our content according to your activity and your interests. It is more flexible and is based on a participative approach allowing each hotel to set its own objectives and map out its own action plan. Sustainable Food and Beverage. In 2021, payment of fees was in line with business levels during the year as well as the collection of certain fees for which payment deadline extensions were granted to certain hotel owners. . 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 a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. It is core to our strategy and sits at the heart of everything we do. Cloudflare Ray ID: 7a2f181ebecd86c6 Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. Hyderabad Area, India. This website is using a security service to protect itself from online attacks. 2015 and used them to shape our vision for 2016 -2020 with our aim to drive the change towards positive hospitality wherever we are. Double our percentage of women in leadership to 34%. In general, the sharper decline in M&F revenue compared to RevPAR (down (46)% over FY 2021 versus FY 2019) can be attributed to the strong decrease in incentive fees based on the hotel operating margin generated from management contracts. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. Click on the brand of your choice if you want to filter the benefits. 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). room and apartment distribution activities and managed properties). 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. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. 12/28/2022. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. As of April 2021, Accor enjoyed a sequential rebound in business, with RevPAR improving month after month. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. 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. Revenue in the Management & Franchise (M&F) stood at 518 million, up 74% like-for-like versus FY 2020 (down (51)% like-for-like versus FY 2019), with regional performances correlated to health crisis developments in the countries considered. 2011-2020 Huawei Consumer Business . Environment & CSR. Cloudflare Ray ID: 7a2f18038eaaef6f The new system aims higher and is more accommodating as regards local specifics and operational realities.
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