Accor H1 losses reach £102m

Hospitality group Accor has reported a consolidated loss of €120m (£102m) during the first half of the year.

For the six month period ending June 30 2021, revenue also dropped by 10% to €824m (£701), down from €910m (£774m) the previous year, which was largely attributed to the impact of Covid-19 lockdown restrictions.

In the UK, regional cities revenue per available room (RevPAR) was down 60% in Q2 2021 compared with the prior year with London, the most affected city, seeing RevPAR drop 79%.

Sébastien Bazin, chairman and CEO of Accor, said: “Since May, we have seen a clear recovery. Positive signs including the ramp up of vaccine roll out and the progressive reopening of borders will continue throughout the summer.

“In the first half of the year, Accor significantly improved its operating performance. Furthermore, we continued to efficiently and cautiously manage our liquidity and investments. We are therefore prepared for the rebound with a solid balance sheet and an increasingly agile and efficient organisational structure.”

He added: “It is still too early to fully define the outlook for the end of the year, but we are confident in our ability to capture recovery in all geographies and to put into place a reinvented vision of travel.”

Please log in for access

Thanks for subscribing!

An email confirmation will be sent to your registered email address with a link for you to click on to confirm this request is genuine.  Please note that no newsletters will be sent to you until the request is confirmed.  If you do not receive the link, please check your junk folder or else contact

This website uses cookies to ensure our visitors get the best user experience and to analyse site traffic.  To continue browsing our site, please confirm your acceptance of our Privacy Policy and use of cookies.