Accor has reported consolidated first-quarter income of €361 million for 2021.
The determine is down 53 per cent on a reported foundation in opposition to final 12 months, and down 57 per cent when in comparison with pre-Covid first quarter of 2019.
RevPAR on the French resort big fell by 64 per cent versus quarter one among 2019, reflecting an surroundings that is still onerous hit by the Covid-19 epidemic.
There have been, nevertheless, important year-on-year enhancements in south Europe, Australia, the Center East and North America, the corporate stated.
In complete, 87 per cent of Accor inns are at the moment open, with greater than 4,500 properties in operation.
Sébastien Bazin, chief government Accor, stated: “There have been no surprises in our first-quarter efficiency.
“World enterprise traits are bettering barely and the ramp-up of the vaccine rollouts bodes effectively for a very sturdy rebound.
“Because it did in 2020, the group continues to maintain a detailed eye on defending its money and slicing prices.
“Right this moment, all our efforts are targeted on the sturdy restoration anticipated this summer season.”
