The cost of net financial debt was up between FY 2020 and FY 2021, reflecting the downward revision to the Groups S&P credit rating in August 2020. New Businesses, included in this segment since early 2021, were close to break even at the EBITDA level. Environmental Policy. Moreover, this operation demonstrated the Groups ambition to accelerate its transition towards a sustainable growth, to notably pursue its commitment in terms of greenhouse gas emission reduction and to affirm its environmental and social values by involving the entire value chain. For further information, visit www.sustainablehospitalityalliance.org. 67.211.219.14 During the second half of 2021, the Group returned to a positive cash generation situation. The action you just performed triggered the security solution. The expansion of The Pledge comes at a time when travellers' awareness of and demand for tourism sustainability practices continues to grow, with Millennials and GenZ taking the lead with heightened environmental consciousness. Reporting - olamgroup.com 00:00. The action you just performed triggered the security solution. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. Your IP: Annual Reports and Responsible Business Reports After completion of this transaction, the Group retains a 3.3% residual interest in the share capital. We also endeavour to incorporate stakeholder focus areas. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. As of December 31, 2021, the average cost of Accor's debt came to 2.2% with an average maturity of four years, with no major repayment dates before 2026. It details our vision, strategy, business model, governance and achievements through what was, by all accounts, an unprecedented year. Recurring expenditure, which includes key money paid by HotelServices for its development and digital and IT investments, was kept in check, ending the year below the initially indicated range of 150-200 million. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. We are working to reduce the environmental impacts of our operations through our EnviroAction program. They deliver "Value as a Service" by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Water conservation measures in place. 2019: Strong results and a successful transformation | Accor - Newsroom The Group has one of the industrys most diverse and fully-integrated hospitality ecosystems encompassing luxury and premium brands, midscale and economy offerings, unique Lifestyle concepts, entertainment and nightlife venues, restaurants and bars, branded private residences, shared accommodation properties, concierge services, co-working spaces and more.

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