Turnover: 4.22 billion EUR (2022)
Country: France
Accor is a French hotel group that owns, manages and franchises hotels, resorts and vacation homes. Accor is the leading hotel group in Europe and the sixth largest worldwide.
Accor's portfolio of brands covers all segments of the hotel market: luxury (Raffles, Fairmont, Sofitel...), premium (Adagio Premium, MGallery, Pullman, Swissôtel...), mid-range (Novotel, Mercure, Adagio...), and economy (Ibis, F1 hotel...). The Group is present in over 100 countries, with 5,100 hotels and 260,000 employees on five continents.
News
Accor aims to revitalize the Ibis, Novotel and Pullman brands 18/06/2024
- 46 brands divided into two categories:
- - Luxury hotels (Raffles, Fairmont, Sofitel) and lifestyle hotels (Mama Shelter, The Hoxton).
- - establishments from entry-level to premium, with a focus on Ibis, Novotel and Pullman.
- - Novotel: 580 hotels.
- - Ibis: 2,500 hotels.
Tourism: record year for Accor, more profitable than ever 22/02/2024
- - Accor has recorded growth in revenue per available room of +22.7% in 2023.
- - The hotel group's sales increased by 18% to reach 5 billion euros in 2023.
- - The Premium, Midscale and Economy division, which accounts for just over half of revenues, grew by 17%.
- - The Luxury and Lifestyle division grew by 22% and contributed 41% of sales.
- - Accor's net income in 2023 was 633 million euros, compared with 402 million in 2022, an increase of 57%.
Accor to expand its MGallery boutique hotels worldwide 29/10/2023
- The Accor group's MGallery brand comprises mainly boutique hotels, with no more than 150 rooms.
- The MGallery brand has 120 units.
- The latest addition to the brand, "Domaine Reine Margot", opened its doors on October 24 after four years of renovation.
- 40 new MGallery hotels will open over the next three years.
- The MGallery brand is present all over the world and plans to further develop its network in the United States.
- In France, the MGallery brand competes with other brands such as Relais&Châteaux and Domaines de Fontenille.
- Accor's new label, "The Purist", is currently being developed and should be gradually deployed in many of the Group's luxury and premium hotels.
Sébastien Bazin has transformed Accor in 10 years | Accor: Bazin's transformation in 10 years 07/09/2023
- Sébastien Bazin has been CEO of Accor since August 27, 2013.
- Accor will have 5,487 hotels in 2021, compared with 3,500 in 2013.
- The group has 46 brands in 2021, compared with 13 in 2013.
- Accor has become number one in hotels in the Middle East, Asia-Pacific (excluding China) and Latin America.
- Accor spent 6 billion euros on acquisitions.
- The group earned 8 billion euros mainly from the sale of hotel properties.
- Accor owns 30% of AccorInvest, which manages 800 hotels.
- Accor's largest shareholder is China's Jin Jiang, with a 12.8% stake.
- Accor is ranked number six worldwide in the hotel industry by MKG.
Accor estimates the value of its lifestyle division at over 2 billion euros. 23/06/2022
- The group plans to sell 10.8% of its subsidiary Ennismore for 185 million euros.
- Accor is the company's 2nd largest shareholder.
- Ennismore has numerous hotels in Asia, Africa and Europe.
- Perancis will sell a 10.8% stake in Ennismore, its business at the convergence of the hotel-restaurant and leisure sectors.
- Sébastien Bazin announces a value of over 2 billion euros for his Lifestyle division.
Financial Data
DUNS: 602036444
Legal Name: ACCOR
Address: 82 RUE H FARMAN , 92130 ISSY-LES-MOULINEAUX
Number of employees: Entre 1 000 et 1 999 salariés (2020)
Capital: 789 095 382 EUR
Financial Data:
| Year | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|
| Turnover | 630 000 000 | 531 000 000 | 1 218 000 000 | 992 000 000 | 915 000 000 | 895 000 000 | 825 000 000 |
| Gross margin (€) | 737 000 000 | 1 391 000 000 | 1 391 000 000 | - | 979 000 000 | 960 000 000 | - |
| EBITDA (€) | -244 000 000 | -63 000 000 | -63 000 000 | - | -21 000 000 | -17 000 000 | - |
| Operating profit (€) | -269 000 000 | -55 000 000 | -55 000 000 | - | -64 000 000 | -60 000 000 | - |
| Net profit (€) | -540 000 000 | -1 055 000 000 | 208 000 000 | -60 000 000 | 3 698 000 000 | -9 000 000 | 238 000 000 |
| Turnover growth rate (%) | 18,6 | 129,4 | 22,8 | 8,4 | 2,2 | 1,6 | - |
| Ebitda margin rate (%) | -38,7 | -5,2 | -5,2 | - | -2,3 | -1,9 | - |
| Operating margin rate (%) | -42,7 | -4,5 | -4,5 | - | -7 | -6,7 | - |
| Working Capital (turnover days) | 567,8 | 71,1 | 71,1 | - | 85 | 204,8 | - |
| Working Capital requirements (turnover days) | 64,3 | 33,3 | 33,3 | - | -6 | 8,2 | - |
| Net margin (%) | -85,7 | 17,1 | 17,1 | - | 404,2 | -1 | - |
| Added value / Turnover (%) | -10,8 | 15,8 | 15,8 | - | 16,7 | 17,2 | - |
| Wages and social charges (€) | 155 000 000 | 199 000 000 | 199 000 000 | - | 156 000 000 | 154 000 000 | - |
| Salaries / Turnover (%) | 24,6 | 16,3 | 16,3 | - | 17 | 17,2 | - |
Company Managers:
| Position | First Name | Last Name | Age | |
|---|---|---|---|---|
| Président du conseil d'administration, Directeur général | Sébastien | BAZIN | 63 | |
| Administrateur | Iris | KNOBLOCH | 61 | |
| Administrateur | Sarmad | ZOK | 56 | |
| Administrateur | Isabelle | SIMON | 54 | |
| Administrateur | Qiong'Er | JIANG | 48 | |
| Administrateur | Nicolas | SARKOZY DE NAGY-BOCSA | 69 | |
| Administrateur | Bruno | PAVLOVSKY | 62 | |
| Administrateur | Ugo | ARZANI | 50 | |
| Administrateur | Asma | ABDULRAHMAN AL-KHULAIFI | 34 | |
| Administrateur | Hélène | AURIOL | 62 | |
| Administrateur représentant les salariés | Iliane | PEREIRA | 53 | |
| Commissaire aux comptes suppléant | Patrice | MOROT | 58 | |
| Administrateur représentant les salariés | Christine | CHAVANT | 59 |
Studies mentioning this company
The hotel market - France
Other companies mentioned:
- Accor Hotels
- Intercontinental Hotels Group
- Louvre Hôtels Groupe
- B&B Hotels
- Hotels Balladins
- Best Western France
- Fast Hotel
- Booking.com
- Egencia France
- Amadeus
- Cepton - Vintura International
- Ibis hotel (Accor groupe)
- Radisson Hotels
- Marriott
- Logis Hotel
- Relais & Chateau
- The Originals Hotels
- Adagio Aparthotel
- Mercure (Accor groupe)
- Novotel (Accor Groupe)
- Campanile (Louvre Groupe)
- Kyriad (Louvre Groupe)
- Sofitel (Accor)
- Passman
- Appart’City
- Mama Shelter
- Feelingo
The luxury hotel market - France
Other companies mentioned:
- Accor Hotels
- Intercontinental Hotels Group
- Barrière Groupe
- Booking.com
- Egencia France
- Relais & Chateau
- Radisson Hotels
- The Originals Hotels
- Logis Hotel
- Mandarin Oriental
- Peninsula Hotels
- Four Seasons Hotels and Resorts
- Louvre Hôtels Groupe
- Sofitel (Accor)
- Le Shangrila Hotel Paris
- Oetker Collection
- The Leading Hotels of the World
- Kempinski Hotels
- Tiara Hotels & Resorts
- Marriott
- Hilton Hôtels
- Domaines de Fontenille
- Hyatt
- LBHC Boutique Hôtels Collection