Accor through the second quarter continued to see sequential month-to-month key efficiency indicator enhancements, however the restoration “stays heterogeneous,” in accordance with the corporate’s first-half earnings report. Nonetheless, Accor reported a web revenue of €67 million for the primary half, in contrast with a lack of €1.51 billion throughout the identical interval in 2020.
First-half income per obtainable room fell by 60.4 p.c in contrast with the primary half of 2019, and 58 p.c evaluating the second quarter of 2021 with 2019. “This decline masks very blended conditions by nation,” in accordance with Accor. “Sure areas skilled a exceptional enchancment from the primary quarter of the 12 months, whereas others continued to be hard-hit by authorities restrictions linked to the Covid-19 well being disaster.”
Second-quarter RevPAR improved from the earlier quarter in every of Accor’s areas besides South Europe. The Asia-Pacific area reported the bottom decline when put next with 2019 at 38.5 p.c. Higher China’s Q2 RevPAR was down simply 18 p.c in contrast with 2019. U.S. RevPAR declined 62.6 p.c through the quarter in contrast with 2019, however this represents an enchancment of greater than 10 proportion factors from first-quarter outcomes.
Companywide common occupancy for the primary half was 33.5 p.c, down 35.3 proportion factors from 2019 ranges. Common day by day charge was €70, representing a 17.8 p.c decline from the identical interval two years in the past.
In the course of the first half of 2021, Accor opened 121 resorts with about 15,000 rooms for a web system progress of 1.9 p.c 12 months over 12 months. As of June 30, Accor had 762,072 rooms and a pipeline of about 211,000 rooms. As of July 26, 93 p.c of the corporate’s resorts had been open.
Accor Q1 earnings