Accor’s First Quarter 2022 Results

Accor will be pleased with their latest results which have been announced, with a strong rebound in hotels stays in the first quarter of 2022 which suggests that the recovery is continuing quickly. The chain also opened 26 hotels, with 3,700 rooms, in the first quarter of the year which brings their total to 5,304 hotels with 777,849 rooms. More impressively, they’re intending to increase that with 1,212 hotels and 212,000 rooms in the pipeline.

Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said:

“Accor’s performance in the first quarter of 2022 confirms the clear upturn in business across all regions and the renewed momentum in tourism, food services and entertainment. These results are notably driven by our market dynamics in Europe, the Middle East and the Americas as well as the strong demand for our Luxury and Lifestyle hotels, and domestic travel. Such underlying trends, combined with borders reopening give us confidence that our performance will continue to improve month after month, with prices already above 2019 level. Our brands are attractive, ideally positioned, and the augmented hospitality ecosystem we have built over the past years is attracting an increasing number of guests and owners. In the coming months, we will continue to focus our efforts on accelerating the development of our network, promoting our brands as well as attracting and retaining more and more customers.”