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This document may contain certain statements that are forward-looking with respect to the financial condition, results of operations, business and strategy of Accor S.A. Such statements are based on management's current views and assumptions, which are naturally subject to risks and contingencies that may lead such statement to ultimately prove inaccurate. These risk factors are further developed in Accor's Universal Registration Document (the current version of which is available on https://group.accor.com/en/investors under the Investors section, or on the AMF's website (www.amf-france.org)). Accor S.A., its affiliates, directors, advisors, employees and
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conditions.
Q3 2020 Highlights
Business Update
System Growth
Systemwide RevPAR
+7,800 gross rooms
(63)% L/L
opened
System occupancy
+3.3% LTM net organic
35%
system growth
90% of hotels open
Pipeline at 208k rooms
as of end-September
Financial Performance
€329m Group Revenue
(64)% L/L
Management & Franchise revenue
(72)% L/L
Recovery driven by domestic travel
Only 1% of countries with no restrictions
2%
1%
15%
13%
24%
15%
26%
76%
85%
87%
83%
73%
Apr.
May
Jun.
Jul.
Aug.
Complete or partial closure of borders (to high-risk countries) Borders opened but tests required
Source: UNWTO
90% Accor hotels open as of end-September
38%
Occ. 11%
90%
67%
Occ. 36%
Occ. 20%
Mar.
Apr. May Jun. Jul. Aug. Sep.
Air traffic recovery
0
-25
-51%
Domestic
-50
-87%
Inter-
-75
-88%
national
-98%
Jan. Feb. Mar. Apr. May Jun. Jul. Aug.
Source: IATA
Accor RevPAR recovers after April trough
(60)%
-62.8%
(75)%
(90)%
Mar.
Apr. May Jun. Jul. Aug. Sep.
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Accor SA published this content on 22 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2020 15:54:02 UTC
Accor is the No. 1 European hotel group. Net sales break down by activity as follows:
- operating hotels under management contract (74.7%; HotelServices);
- owned and leased hotel management (25.3%). In addition, the group offers a business of renting luxury private residences, as well as providing digital services to independent hoteliers, concierge services, etc.
At the end of 2023, the group operates a network of 5,584 hotels (821,518 rooms) distributed primerly between luxury and top-range hotels (978 hotels; Raffles, Fairmont, Sofitel, Pullman, MGallery, Swissotel, Grand Mercure, Mövenpick, The Sebel and Rixos names), mid-range hotels (1,732; Novotel, Novotel Suites, Mercure, adagio, Mama Shlter and Tribe), and economy hotels (2,826; ibis, ibis Styles, ibis budget, adagio access, hotelF1, Formule 1, Jo&Joe, Breakfree and Greet).