Accor has reported impressive results for the fiscal year 2024, with revenue reaching €5,606 million, a notable increase of 11% compared to the previous year. This growth comes alongside a 12% rise in recurring EBITDA, which totaled €1,120 million.

Performance Highlights

• RevPAR Increased by 5.7%: The company’s average revenue per available room (RevPAR) showed notable growth, demonstrating resilience in a fluctuating market.
• Expansion of Hotel Portfolio: In 2024, Accor successfully launched 293 hotels adding over 50,000 rooms to its portfolio, marking a net growth of 3.5%. By December 2024, the group operated 5,682 hotels with a total of 850,285 rooms.

Q4 2024 Insights

• Regional Performance Variance: The Premium, Midscale and Economy sector reported a 4% rise in RevPAR. The Middle East, Africa, and Asia-Pacific regions, however, experienced a 5% uplift in RevPAR compared to the same quarter the previous year.
• Growth Drivers: Much of the RevPAR increase stemmed from rising rates and occupancy, particularly in high-demand regions like Saudi Arabia and Southeast Asia.

Future Outlook

Sébastien Bazin stated: “Ambition, discipline, and high standards are the pillars that guided our actions in 2024, which enabled us to achieve record results. We approach 2025 with confidence and the goal to replicate this success.”

As Accor continues to expand and evolve, it plans to offer a greater return to shareholders during the next General Meeting.