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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. Senior Vice President Group External Communications. Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). Performance & security by Cloudflare. Monthly cash burn averaged 20 million in 2021, versus 61 million in 2020. Two key issues to tackle will be food and buildings. Sustainability and innovation. This decline reflects an environment disrupted by the resurgence of the Covid-19 pandemic, despite a marked improvement in global business levels from April 2021. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. PDF version of our 2020 Sustainability Review - a summary of our approach and performance. Accor. 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). The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. 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. Guest Service Agent - Club Sofitel Lounge. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. French hotel group Accor SA has said it is focused on a 500 million (expected) unsecured inaugural offer of seven-year sustainability-linked bonds. Currency effects had a negative impact of (13) million, mainly due to the US dollar(-4%). Sustainability; Home; . The Report can be accessed here. 2021 Sustainability Report. The Executive Summary has been crafted to provide its reader a quick overview of ITC's Sustainability journey in FY2022, serving as a concise yet comprehensive companion to the detailed Sustainability and . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive 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. At the end of 2021, between 25% and 27% of our revenues comes from lighting innovations that increase food availability, safety & security, or health & wellbeing. CAC 40. They work with leading hospitality companies and strategic partners to address key challenges affecting our planet and its people, and develop practical resources and programmes to enable the wider industry to operate responsibly and grow sustainably. 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. 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. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. Letter from the CEO. This segment was mainly driven by Asia-Pacific where business recovered during the first half and at the end of 2021. After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. The . . 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. Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. 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. 164.46.106.217 To upgrade their status (to silver, gold and platinum), hotels then select the actions they wish to implement from a wider range of initiatives. 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. Energy-saving guest room controls and building systems. Coupa provides a unified, cloud-based spend management platform that connects hundreds of . Quality Policy. 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. On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its In 2013, for example, Kering founded the Material Innovation Lab, which provides the Group's Houses with more than 3,000 sustainable fabric and textile samples. Key Achievements-. Mar 2021 - Apr 20221 year 2 months. Your IP: New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Our 21st Sustainability Report covers the period 01 January 2021 . . On February 18, 2021, Accor sold a part of its share in Huazhu Group Ltd, representing 1.5% of share capital of the company for 239 million. Amcor 2020 Sustainability Report. The report is prepared in accordance with the guidelines in the Swedish Annual Accounts Act. Increase in the Loyalty Mix. Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. 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, 217.61.142.251 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 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). Our vision is to drive the change towards positive, more responsible and inventive hospitality, wherever we are., Planet 21|2016-2020: same direction, higher aims. The IHG Academy is a collaboration where we link up with education providers and community groups around the world by providing local people with the opportunity to develop skills and improve their employment prospects in one of the world's largest leading hotel companies. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . 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. The program for 2020 was drawn up in consultation with the teams. In its restaurants, Accor is committed to: The biggest eco-friendly kitchen garden in Paris! Sustainability Disclosure 2021. The group has one of the industry's most diverse and fully-integrated hospitality ecosystems encompassing more than 40 luxury, premium, midscale and economy hotel brands, entertainment and nightlife venues, restaurants and bars, branded private residences, shared accommodation properties, concierge services, co-working spaces and more. Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . PDF 10.87MB; ESG Databook. ), 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 Consolidated Non-Financial Information. 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. Strong growth in consolidated revenue. Two key issues to tackle will be food and buildings. Korian Share. Organic waste diversion program in place. Responsible Business Report 2022. Ethics and Corporate Social Responsibility Charter. the share of recycled materials used in our garments from 5.8% to 17.9%. . 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. An increase related primarily to the loss of recurring free cash flow in full-year 2020, the investment related to the acquisition of all of sbes brands, and the implementation of a share buyback program in Q1 2020. Share your thoughts with Twitter #ActingHere, More information on the digital press kit. Our long-term goal is to send zero waste to landfills or incineration without energy recovery - what we define as "waste-to . Your IP: We also endeavour to incorporate stakeholder focus areas. South Europe, driven by France, reported a (41)% decline in RevPAR over FY 2021 compared with FY 2019. Wilmar International Limited - Asia's Leading Agribusiness Group Each solution measures operational impact, costs and environmental performance . Full-Year 2022 Results. 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. This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. Morroco Ourika. During the second half of 2021, the Group returned to a positive cash generation situation. HotelServices EBITDA was positive at 93 million for 2021. - 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. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . made possible thanks to the work of our devoted teams Accor over the world. It describes the Company's sustainability platform, material focus areas, goals and results. Click to reveal Performance & security by Cloudflare. Key performance indicators. We report against our sustainability goals in our Annual Reports and use the Global Reporting Initiative as a guidance framework. 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. Accor SA is publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACRFY) in the United States. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. This website is using a security service to protect itself from online attacks. Accor's hotels join over 500 hotels in Thailand that have signed The Pledge since the Thai microsite was established in 2020. Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. . Click to reveal The MGM Resorts International's (NYSE: MGM) 2020 Social Impact and Sustainability Report is now available. Innovation is integral to Kering's sustainability policy. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. 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. 2019 Sustainability Review. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. . It was a tough year for Shell, but also a year when we set a clear path for our future. This segment, which is closely linked to business in Australia, notably benefited from a recovery in leisure tourism demand during the first half of the year and at the end of FY 2021 on the North-East coast of the country where most of the Groups Strata activities are located (i.e. Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. 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. We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts 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). The Accor has been a committed group for many years, and has constantly worked to redefine boundaries. The action you just performed triggered the security solution. Performance & security by Cloudflare. As part of a policy of progress and transparency, the Group asked its customers for their views on these issues, updated its environmental footprint and assessed its socio-economic footprint for the first time to assess the challenges it faces and construct its new 5-year program. The action you just performed triggered the security solution. Read Letter from the CEO. The remaining 33.33% is held by Sharan Pasricha, the founder of Ennismore. "This year's report documents important milestones marking 10 years on our sustainability journey, in which we've achieved scale in our signature ingredient sourcing programs Cocoa Life and Harmony Wheat. Sbastien Bazin, Chairman and Chief Executive Officer of Accor, said:Despite a disrupted start of the year due to overall health restrictions, 2021 showed significant improvement in our business, as of the spring, with trends picking-up month after month right up to December. Melbourne, Victoria, Australia. - Lacey Pfalz, Associate Writer, TravelPulse. Our Future is About Sustainable Growth. Today, we want to scale up our ambitions by banking on innovation and accountability. The action you just performed triggered the security solution. 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). WHY IT RATES: Accor joins the 14 biggest global hotel corporations to help address the travel industry's greatest sustainability challenges. Revenue Manager. RevPAR was down (49)% in FY 2021 compared with FY 2019. All. This website is using a security service to protect itself from online attacks. 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. SUSTAINABILITY AND CSR REPORT 2019. You can email the site owner to let them know you were blocked. 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. 2020 Consolidated Non-Financial Information. After five years, the results of the first phase of the plan are very encouraging. 62.141.45.132 accor sustainability report 2020meadowglen lane apartments. Included in the Integrated Report (Section 6 - p. 120) Download. Dec 2016 - Jan 20181 year 2 months. 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. Live stock. All regions are now generating positive EBITDA. The action you just performed triggered the security solution. Full-Year 2022 Results : Solid and sustainable rebound in activity in 2022 02/23/2023. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram. Eco-designed materials used in the bedrooms. As of end of December 2021, combined with the two undrawn credit facilities of 1.8 billion, Accor had a liquidity position of 3.4 billion. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. The announcement follows the conclusion of investor calls on Nov. 16, which engaged more than 100 accounts, according to the company. Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. 67.211.219.14 . Key considerations and . Planet 21 allowed the Group to unite its teams and engage its guests and partners in a structured approach which is recognized by several ethical stock market indices. 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. 47 million, largely due to the full consolidation of sbe since Q4 2020. 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. Cloudflare Ray ID: 7a2f1863d83a23d4 Accor is deeply committed to sustainable value creation, and plays an active role in giving back to planet and community. 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. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . See stock description. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The Group achieved solid results regarding the actions taken over the 2011-2015 period. 6/24/2020. AccorHotels is a Group united by a shared passion for hospitality and driven by a shared promise to make everyone Feel Welcome.Over 190,000 women and men in 3,900 AccorHotels establishments look after thousands of guests every day in 92 countries.AccorHotels is the worlds leading hotel operator and offers its customers, partners and employees:- its dual expertise as a hotel operator and franchisor (HotelServices) and a hotel owner and investor (HotelInvest);- a large portfolio of internationally renowned brands covering the full spectrum, with luxury (Sofitel, Pullman, MGallery by Sofitel, Grand Mercure, The Sebel), midscale (Novotel, Suite Novotel, Mercure, Mama Shelter, Adagio) and economy (ibis, ibis Styles, ibis budget, adagio access and hotelF1) establishments;- a powerful marketplace and loyalty program: Le Club AccorHotels;- almost half a century of commitment to corporate citizenship and solidarity with the PLANET 21 program.Accor SA shares are listed on the Euronext Paris exchange (ISIN code: FR0000120404) and traded in the USA on the OTC marketplace (Code: ACRFY). Cloudflare Ray ID: 7a2f1819ababf6ad 2018 Consolidated Non-Financial Information. CAC 40 - INDEXEURO. 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. The Group controls this new entity through the ownership of a 66.67% stake. 12/16/2021 1 min. The Group is also partnering with the Fashion for Good - Plug and Play Accelerator for start . 01/03/2023 02:25 (Paris) 7.74 2.31%. incentive fees based on the hotel operating margin. This number shows a marked sequential improvement in this indicator which was down by only (17)% during the closing quarter (i.e. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
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