To provide a comparison with RevPAR (presented as the change versus Q3 2019 throughout this release), the like-for-like decline in revenue versus Q3 2019 is 40%. This increase amounted to 94% for HotelServices and 57% for Hotel Assets & Other. (5,252 hotels) and a pipeline of 211,000 rooms (1,187 hotels).ĭuring Q3 2021, the Group reported revenue of €589 million, up 79% like-for-like (LFL) versus Q3 2020. The Group is aiming for net system growth of around 3% on a full-year basis in 2021.Īt end-September 2021, the Group had a hotel portfolio of 769,000 rooms €7 million, largely due to the full consolidation of sbe since Q4 2020.Ĭurrency effects had a negative impact of €5 million, mainly due to the US dollarĭuring the third quarter, Accor opened 82 hotels, representing 10,000 rooms, i.e., net system growth of +2.5% over the last twelve-month period. 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).Ĭhanges in the scope of consolidation (acquisitions and disposals) contributed a positive September and October confirmed the return of business travellers and some MICE activity.

Over the quarter, the strong demand translated in higher prices than in Q3 19 in most attractive leisure geographies such as French and British provinces, the UAE and the US with strong lifestyle hotels. RevPAR improved by 20 percentage points versus Q2 2021, reflecting a strong activity recovery seen over the summer. Our renewed winning spirit, combined with strict financial discipline, are the pillars upon which we will continue to improve our quarter-on-quarter performance.” Our teams are fully mobilized to support this recovery by rolling out new services, such as the launch of the ALL payment card in France and via global communication campaigns. With this rebound, our vision of augmented hospitality to serve our guests beyond their hotel rooms, has been confirmed with the acceleration of lifestyle & entertainment activities and takes on its full meaning. These trends are expected to persist out to the end of the year. Our business was very strong this summer in Europe, the Middle East and the Americas, particularly for our leisure destinations. “This third quarter of 2021 saw a genuine pick-up in demand.

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

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