Accor, a worldwide hospitality chief, is about to rejoin the CAC 40, the benchmark index of the Paris stock change. The determination, efficient from March 15, 2024, was made by Euronext Paris’s Expert Indices Committee following the quarterly assessment of the CAC 40 index. This milestone marks one other vital achievement for Accor, which is already a member of the CAC 40 ESG index, recognizing corporations for his or her exemplary environmental, social, and governance practices.
During the unprecedented challenges posed by the COVID-19 pandemic, Accor briefly exited the CAC 40 index in 2020, having been a member of the index since its inception in 1987. However, the Group has since returned to historic highs, demonstrating adaptability and perseverance. In 2023, a relentless give attention to seamless execution, worthwhile development and operational self-discipline noticed the Group posting document outcomes with EBITDA surpassing €1 billion for the first time in its historical past.
Accor goals to proceed capitalizing on its management positions in the most buoyant hospitality markets and segments in addition to the expertise of its groups, the high quality of its portfolio of manufacturers, and the effectivity of its asset-light mannequin.
Accor counts immediately greater than 5,500 properties and 10,000 meals and beverage venues throughout 110 international locations.
Sébastien Bazin, Group Chairman and CEO Accor, stated: “We are proud of Accor’s re-inclusion in the CAC 40, marking an important milestone in our journey and a testament to the hard work and commitment of our team. It reflects the Group sustained growth and market leadership in the dynamic landscape of the global hospitality sector. I also want to share this good news with Paul Dubrule, co-founder of the Group and a thought for Gérard Pélisson, his dear business partner. After a record year in 2023, the Group has had a solid start to 2024, driven by higher occupancy and demand, and we look forward to the coming years with optimism.”
Key info and figures
FY23 financials
- Revenue of €5.06 billion
- EBITDA of €1.00 billion
- Recurring free money movement of €596 million
Our community
- No.1 worldwide excluding the United States and China
- No.1 worldwide in Lifestyle, and No.2 worldwide in Luxury
- A community of 5,500 resorts+ (821,000 rooms+)
- A pipeline of 1,300 resorts+ (225,000 rooms+)
- An ecosystem of 10,000+ eating places & bars, 18,500+ assembly rooms and 1000+ spas
Our folks
- 330,000+ workers throughout 300+ jobs
- 46% of workers below 35
- 42% of workers are girls
Our ESG commitments
- Carbon: Net-zero SBTi by 2050.
- Single-use plastic: Target 80% of resorts to remove from their visitor expertise and we’re at 79%
- Food waste: Target 80% of the prime 300 resorts on measurement of the baseline and we’re at 90%
- Diversity & Inclusion: Target 40% of girls in administration committees and we’re at 42%
Key milestones
1960-1980
- Paul Dubrule and Gérard Pélisson invent financial system and midscale resorts with the creation of France’s main manufacturers on this market: Novotel and Ibis. The Accor Group is born.
- Acquisition of Mercure.
- Accor adopts its first Gender Equality at Work Charter.
1980-2000
- Acquisition of Sofitel
- Accor enters CAC 40
- Accor turns into the first CAC 40 firm to create an Environment Department.
2000-2020
- Creation of the MGallery model
- Acquisition of Fairmont, Raffles and Swissôtel, and partnership with Banyan Tree.
- Accor units up the Accor Solidarity endowment fund.
- Launch of ALL – Accor Live Limitless, the new loyalty program and reserving platform beforehand named Le Club AccorInns
- Key partnerships with leisure and sport leaders corresponding to PSG, IMG and AEG
2020 – now
- Acquisition of SBE, creation of a brand new Ennismore entity with key chosen way of life manufacturers
- Launch of Wojo’s coworking areas.
- Accor continues to simplify its enterprise mannequin to create larger worth by saying the evolution of its group round two distinct enterprise strains.
- Launch of a brand new strategic sustainability framework for 2030.
- Accor awarded ‘A’ score by CDP for its environmental management and actions on local weather change.
