Accor SA Posts Record Financial Results for 2024

Accor SA (OTC) ( (ACCYY) ) has released its Q4 earnings. Here is a breakdown of the information Accor SA (OTC) presented to its investors.

Accor SA is a global hospitality leader, operating over 5,600 hotels and resorts across more than 110 countries, with a diverse portfolio spanning luxury to economy segments and a robust loyalty program. In 2024, Accor achieved record financial results, aligning with its guidance, and demonstrated strong shareholder returns and strategic growth ambitions. Key financial highlights included an 11% increase in revenue to €5,606 million and a 12% rise in recurring EBITDA to €1,120 million, driven by robust performance across its Premium, Midscale, Economy, and Luxury & Lifestyle divisions. The company expanded its global footprint with the opening of 293 new hotels, contributing to a 3.5% net network growth. Accor’s management remains optimistic about the future, with a focus on sustainable growth and continued expansion across its global portfolio, setting ambitious targets for RevPAR growth and shareholder returns.