Accor Reports 3rd Quarter 2024 Results: Third-quarter 2024 revenue Sustained activity growth

Sébastien Bazin, Chairman and CEO of Accor, said:

“Once again this quarter, the Group posted solid sales growth, in line with its targets. This good performance was driven in particular by the dynamism of our Luxury & Lifestyle brands, sustained growth in high-potential regions and the positive impact in France of the Olympic Games, for which Accor was one of the Premium partners. By continuing to combine operational agility, quality of execution and financial discipline, we are convinced of our ability to consolidate the solidity of our business model over the long term and deliver significant growth in our results in 2024.”

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 solid performances.

During the third quarter of 2024, Accor opened 47 hotels, representing 8,000 rooms, i.e. net unit growth of 3.2% 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).

LINK DIRECTLY TO SOURCE: Accor Reports 3rd Quarter 2024 Results: Third-quarter 2024 revenue Sustained activity growth

The Team

at LEADING HOTELIERS NETWORK / JOB LEAD SERVICE

SIGN UP / RENEW