No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . Luxury & Lifestyle. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. 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. Cloudflare Ray ID: 7a2f1821ef190cc1 Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. 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. A common baseline comprising 16 mandatory actions, sets a demanding first level of commitment (bronze status). notably in the Food & Beverage segment, but also for flex office activities, wellness, entertainment and events as well as technologies linked to the hotel industry. Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. You can email the site owner to let them know you were blocked. 217.61.142.251 Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. It describes the Company's sustainability platform, material focus areas, goals and results. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. For further information, visit www.sustainablehospitalityalliance.org. Dec 2016 - Jan 20181 year 2 months. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Tel: 00 971 4 381 8888. We take a Capitals approach, reporting under Manufactured, Human, Social, Natural, Intangible . Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Two key issues to tackle will be food and buildings. 193.32.208.109 Read Letter from the CEO. Guest Service Agent - Club Sofitel Lounge. Through its global sustainability commitments (such as achieving Net Zero Carbon emissions by 2050, global elimination of single use plastics in its hotels' guest experience, etc. 2021 Consolidated Non-Financial Information. 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. ), 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. 2021 Sustainability Report. Content in this section includes excerpts from the Accsys Annual Report 2022 and Sustainability Report 2020. 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 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. 2017 Report. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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). The new system aims higher and is more accommodating as regards local specifics and operational realities. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. Corporate Sustainability; . Performance & security by Cloudflare. - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. Our solid performances were achieved owing to the strength of our brands, our financial discipline and the sterling efforts of our teams who, throughout the year, demonstrated determination, tenacity and generosity. Performance & security by Cloudflare. Above & Beyond is our commitment to embrace sustainability as a catalyst for growth and change in a sustainable, positive and rewarding way. The action you just performed triggered the security solution. Letter from the CEO. Hilton Recognized for Sustainability Leadership by Dow Jones Sustainability Indices November 17, 2021 arrow_forward Read More From Coral Conservation to . room and apartment distribution activities and managed properties). Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. The EBITDA margin came to 1.0% in FY 2021 versus (24.1)% in 2020. PDF version of our 2019 Sustainability Report prepared in accordance with GRI framework. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. Accor Planet 21 Background . 12/28/2022. 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. 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. The covenant was not tested on the two test dates of June 30 and December 31, 2021. 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. . We also endeavour to incorporate stakeholder focus areas. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive The action you just performed triggered the security solution. In our Sustainability Disclosure, we openly and transparently report on our progress, challenges and learnings. Key Achievements-. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. Quality Policy. ESG challenges - i.e., Environmental, Social and Governance (ESG . This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. Innovation is integral to Kering's sustainability policy. The expiry of loyalty points at the end of the year eased the impact of the decline in revenue for this area of business compared to the Management & Franchise (M&F) activity. RevPAR was down (28)% in FY 2021 compared with FY 2019 in this region. The action you just performed triggered the security solution. Develops talent from within and a strong disciplinarian who leads by example. Their report is currently being prepared. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. Our Future is About Sustainable Growth. 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. Double our percentage of women in leadership to 34%. In 2019, this bond had been partially redeemed for the amount of 350 million. Responsible Business Report. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. Accor is deeply committed to sustainable value creation and plays an active role in giving back to planet and community via its Planet 21 Acting Here program and the Accor Solidarity endowment fund, which gives disadvantaged groups access to employment through professional training. We are working to reduce the environmental impacts of our operations through our EnviroAction program. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). The Group has one of the industrys most diverse and fully-integrated hospitality ecosystems encompassing luxury and premium brands, midscale and economy offerings, unique Lifestyle concepts, entertainment and nightlife venues, restaurants and bars, branded private residences, shared accommodation properties, concierge services, co-working spaces and more. This performance was linked to the recovery in business which reflected better absorption of fixed costs. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. 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. The Group controls this new entity through the ownership of a 66.67% stake. Environmental Policy. The report covers the period 1 January to 31 December. and its hotels to measure and improve its sustainability performance long-term with specific goals. Press Releases. Accsys offers the world a choice to build more sustainably, and we are committed to improving the positive impact we can make in the world, and in Environmental, Social and Governance (ESG) areas. Eco-designed materials used in the bedrooms. As of December 31, 2021, the average cost of Accors debt came to 2.2% with an average maturity of four years, with no major repayment dates before 2026. 2020. The Sustainable Hospitality Alliance brings together engaged hospitality companies and uses the collective power of the industry to deliver impact locally and on a global scale. PO Box: 500300, Dubai, UAE, Barsha Heights, Dubai. Accor is concentrating its efforts on ensuring the return to profitability initiated in 2021, capitalizing on the activity rebound and the positive recurring impact from its RESET cost savings plan. Click to reveal HotelServices, which includes fees from Management & Franchise (M&F) and Services to Owners, generated 1,582 million in revenue, up 36% like-for-like versus FY 2020 (down (46)% like-for-like versus FY 2019). At year-end 2020, the Group had a hotel portfolio of 753,344 rooms (5,139 hotels) and a pipeline of 212,000 rooms (1,209 hotels), of which 73% in emerging markets. 2011-2020 Huawei Consumer Business . With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. 00:00. Planet 21 is AccorHotels' sustainability program which spans six key pillars including People, Guests, Partners, Communities, Buildings and Sustainable Food, with commitments aligned with the United Nation's Sustainable Development Goals. 00:00. The Group has been acquiring hospitality expertise for more than 50 years, resulting in an unrivaled portfolio of brands, from luxury to economy, supported by one of the most attractive loyalty programs in the world.