In a remarkable year of growth and expansion, Accor, a leading name in the global hospitality industry, has reported a 19.69% increase in total revenue for 2023, amounting to €5.05bn. This financial success story is further underscored by a significant jump in net profit to €633m, reflecting a 57.46% rise compared to the previous year.

The hotel giant's operational efficiency shines through with its EBITDA soaring to €1bn, a substantial improvement from €675m in 2022. These impressive figures are indicative of Accor's robust performance across all sectors and geographical regions, demonstrating the strength and appeal of its brand portfolio.

2023 also marked a year of aggressive expansion for Accor, with the addition of 291 hotels to its network. This expansion has brought in 41,000 new rooms, contributing to a net growth of 2.4% over the last 12 months. As of December 2023, Accor's portfolio boasts 821,518 rooms across 5,584 hotels, with an ambitious pipeline of 225,000 rooms in 1,315 hotels set for future development.

Accor's Chairman and CEO, Sébastien Bazin, attributed this success to the group's dedicated teams and highlighted the effectiveness of its asset-light model, strong brand desirability, and financial discipline. The company's future looks bright, with anticipated compound annual growth rates (CAGR) for RevPAR between 3% and 4% and EBITDA between 9% and 12% from 2023 to 2027.

This year's achievements reinforce Accor's position as a leader in the hospitality sector, promising continued growth and innovation in the years to come.