Tag Archives: Accor

Lifestyle Accor reported Q3 2024 results. While RevPAR growth is normalizing, the group continues to benefit from its diversification in terms of geography and segment. The group’s two divisions—Premium, Midscale, and Economy (PM&E) and Luxury & Lifestyle (L&L)—both posted good performances. During the third quarter of 2024, Accor opened 47 hotels, representing 8,000 rooms, i.e. net unit growth of 3.2 percent over the last 12 months. At the end of September 2024, the group had a hotel portfolio of 838,826 rooms (5,638 hotels) and a pipeline of 231,000 rooms (1,380 hotels).Highlights include:Revenue up 12 percent to €1,434 millionRevPAR up 5.3 percent versus Q3 2023Pipeline up 6 percent versus end of June 2024Confirmed RevPAR growth guidance for 2024EBITDA now expected between €1,100 million and €1,125 million in 2024Sébastien Bazin, Chairman and CEO of Accor, said, “Once...