Hyderabad Area, India. For further information, visit www.sustainablehospitalityalliance.org. 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 . 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. HotelServices, which includes fees from Management & Franchise (M&F) and Services to Owners, generated 1,582 million in revenue, up 36% like-for-like versus FY 2020 (down (46)% like-for-like versus FY 2019). The program for 2020 was drawn up in consultation with the teams. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. Initiatives to cut fixed costs were partially offset by weaker government subsidies than a year earlier, but nevertheless also continued to have a positive impact. . Charlotte ThouvardSenior Vice President Group External CommunicationsAccor, 1995-2023 Hospitality Net All rights reserved Hospitality Net is powered by Hsyndicate, Accor's Third-quarter 2021 revenue of 589 million up 79% like-for-like, Accor CEO: Business is back, teams are back, desire is back.. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. As of end of December 2021, combined . 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. The action you just performed triggered the security solution. As a leader in the hospitality sector . The report covers the period 1 January to 31 December. 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. SUSTAINABILITY AND CSR REPORT 2019. 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. Two key issues to tackle will be food and buildings. Here you can filter our content according to your activity and your interests. Click to reveal Living our purpose - we secure your future - means being a responsible and transparent company to build customer trust and shareholder confidence. . It's our way of opening our doors and creating opportunities for all. Regarding the approval process for the Groups financial statements, the statutory auditors have, to date, substantially completed their audit procedures. Accor, a world leading hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable Hospitality Alliance, a global organisation that brings together engaged hospitality companies and uses the industry's collective power to address and tackle . 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. The action you just performed triggered the security solution. Working together for a better future. Their members make up 25% of the global hotel industry by rooms and include 14 world-leading hotel companies including Marriott International, Hilton, IHG, Hyatt and Radisson Hotels Group as well as regional brands. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Click to reveal There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Over 68 million members benefit from the companys comprehensive loyalty program ALL - Accor Live Limitless - a daily Lifestyle companion that provides access to a wide variety of rewards, services and experiences. The Asia-Pacific region enjoyed a sequential improvement in RevPAR (+9 percentage points between the third and fourth quarters) after a third quarter hit by tighter Covid restrictions. 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. To provide a comparison with RevPAR (presented as the change versus FY 2019 throughout this release), the like-for-like decline in revenue versus FY 2019 is (42)%. "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. This change masks disparities between the hard-hit businesses directly related to the Travel segment, such as onefinestay private home rentals, and the digital businesses, such as D-Edge services. Wilmar International Limited - Asia's Leading Agribusiness Group Performance & security by Cloudflare. Jean-Jacques Morin, Deputy CEO & CFO, and Brune Poirson, Chief Sustainability Officer, discuss the Group's commitment to ESG, focusing on one of its key areas: net zero carbon. It reinforces some of the Groups fundamental commitments, such as curbing its environmental footprint, and identifies new objectives which dovetail with both the changes to the business model and its strategic priorities, such as Food & Beverage and the sustainable management of its property portfolio through HotelInvest. Founded in 1967, Accor SA is headquartered in France and publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACCYY) in the United States. Our teams are devoted to fighting against this evil and encourage their customers to do the same. AccorHotels, the world's leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020. Early 2020 has been a time of extraordinary turbulence because of the spread of the COVID-19 pandemic. All. Performance & security by Cloudflare. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. Amcor 2019 GRI Report. Plant wall, fight against food waste, etc. No 1 in Accor India - Forecast accuracy (Topline- Rooms and Total Revenue) and Bottom Line (GOP) No 3 and No1 in . Your IP: Thanks to their mobilization, we emerge stronger from this crisis and have gained market shares in all our key regions. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. The consolidated financial statements and notes related to this press release are available on the www.accor.com website. Your IP: 75.119.192.80 This website is using a security service to protect itself from online attacks. The issues we are tackling are systemic, requiring supply chain and business transformation. 12/28/2022. Morroco Ourika. . After five years, the results of the first phase of the plan are very encouraging. On November 12th, the UN Climate Change Summit (COP26) in Glasgow ended with a clear consensus that the world needs to do much more to limit global warming to 1.5C by 2050 and avert a climate crisis. The proceeds of this issue were partly used to refinance existing debt of 448 million with maturities in 2023 and 2024, through a Liability Management operation coupled to this bond issue. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Accor offered sustainable alternatives to single-use plastics to maintain the same level of guest experience. 2011-2020 Huawei Consumer Business . Consolidated EBITDA came toa positive 22 million in FY 2021 compared with negative EBITDA of (391) million in FY 2020. Planet 21 [2016-2020] is structured into four areas of action enlisting its employees, customers, partners and local communities, and two priorities, namely food & beverage and buildings. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. Planet 21 Season 2 must enable us to create wealth sustainably and curb our negative impacts through the mobilization of our employees, guests, partners and local communities. This website is using a security service to protect itself from online attacks. 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). 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. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. Environmental Sustainability Highlights 2019/2020 - Hyatt About Sustainability; Home; . - Offering healthy, balanced and high-quality food: we use products grown in our kitchen gardens, local products, etc. Corporate Sustainability; Empower; Diversity, Equity, & Inclusion; Coupa Cares; Coupa Ventures; . Following the announcement of its intention to sponsor the Special Purpose Acquisition Company (SPAC) on May 20, 2021, Accor successfully took part in a private placement and the Euronext Paris initial offering of Accor Acquisition Company (AAC). The covenant was not tested on the two test dates of June 30 and December 31, 2021. Aligned with the United Nations Sustainable Development Goals (SDGs), they commit to drive continued action on human rights, youth employment, climate action and water stewardship. The Report provides details about the completion of the rollout of the 2016-2020 Planet 21 program. Click to reveal Press releases. This focus on sustainability is directly aligned with our promise of Together, improving life, and our long-established values, culture and commitment to Associates, customers and communities. AccorHotels, the worlds leading hotel operator, today presents the results of Planet 21, its sustainable development program, and renews its commitments looking to 2020.