Accor getting ready for sturdy rebound this summer time | Information

Accor has reported consolidated first-quarter income of €361 million for 2021.

The determine is down 53 per cent on a reported foundation towards final 12 months, and down 57 per cent when in comparison with pre-Covid first quarter of 2019.

RevPAR on the French resort large fell by 64 per cent versus quarter one in every of 2019, reflecting an setting that is still arduous hit by the Covid-19 epidemic.

There have been, nonetheless, vital year-on-year enhancements in south Europe, Australia, the Center East and North America, the corporate stated.

In complete, 87 per cent of Accor resorts are at the moment open, with greater than 4,500 properties in operation.

Sébastien Bazin, chief govt Accor, stated: “There have been no surprises in our first-quarter efficiency.

“International enterprise traits are bettering barely and the ramp-up of the vaccine rollouts bodes properly for a very sturdy rebound.

“Because it did in 2020, the group continues to maintain a detailed eye on defending its money and slicing prices.

“Right this moment, all our efforts are centered on the sturdy restoration anticipated this summer time.”

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