Accor RevPar 2022 exceeds 2019 on higher rates

The company reported an “excellent” fourth quarter that lifted full-year 2022 revenue per available room above pre-pandemic levels

Feb 24, 2023

Accor deputy CEO and CFO Jean-Jacques Morin called the company's performance "a momentous milestone, because we end up with an activity in 2022 which is above 2019.” Systemwide fourth-quarter RevPAR was 15 percent above 2019 levels, with full-year 2022 RevPAR 2 percent above 2019.

Accor CEO Sébastien Bazin said 2023 "is going to be an even better year of 2022,” as executives shared increased optimism surrounding lifted travel restrictions in China.

Get the full story at BTN and Reuters

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