Accor has published reports on its financial performance in 2023 and revealed a record EBITDA of more than €1 billion for the first time in its history, an increase of 49% on the previous year. The world's leading French hotel company's revenue per available room grew 23% more than the previous year, while its total revenue increased 20%, reaching €5,056 million. Meanwhile, the group's share of the company's net profit, at €63 million, increased by 57%.
In the Middle East, Africa and Asia-Pacific region, there was a 19% increase in RevPAR, while Southeast Asia saw a comparable growth rate. Other regions witnessing notable growth include France, the United Kingdom, Germany and America. In 2023, Accor also received an impressive “A” rating from the CDP for its proactive focus on sustainability and measures taken to address climate change, making it one of 141 companies worldwide to receive this award.
“While this success is due to numerous reasons, the strong performance is primarily due to the group's teams. I would like to thank you for your commitment and know-how in an industry whose strength lies above all in the women and men who daily raise the profile of our brands with a passionate and generous sense of hospitality. During the past year, the Group achieved growth in all segments and geographies, which illustrates the strength of its asset-light model, the efficiency of its organization based on the two divisions, Premium, Midscale and Economy, on the one hand, and Luxury and Lifestyle, on the other. the other, the attractiveness of its brands, the strength of its distribution and loyalty tools, as well as its financial discipline,” said Sébastien Bazin, president and CEO of Accor.
Accor's Mercure Dubai Deira welcomes its first guests
These positive results, reflecting the resilience of the travel industry and showing the recovery from the 2020 COVID-19 pandemic and its residual effects, indicate a bright outlook for 2024 and beyond. Accor is optimistic about the year ahead, expecting around 1.5 billion international travelers in 2024, and the company remains committed to achieving sustainable growth for the future with plans to continue expanding its portfolio and improving operations across all its existing projects.
“While the geopolitical context remains complex, the year 2024 will be rich in important international events that should continue to drive growth and we begin this new year with confidence. Accor is ideally positioned to continue its bold expansion and realize its vision of a pioneering and responsible hospitality industry that creates value for its shareholders and partners,” said Bazin.
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