Accor reports revenues of 5.6 billion Euro, up 11 percent in 2024

Accor Group reported revenue of 5.6 billion Euro million in 2024, up 11 percent compared with. This growth breaks down into a 5 percent increase for the Premium, Midscale and Economy (PM&E) division and 19 percent for the Luxury & Lifestyle division.

Consolidated Recurring EBITDA came to 1.1 billion Euro for 2024, a new record for Accor and up 12 percent versus FY 2023.

Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said: “Ambition, discipline and high standards are the three pillars that have guided Accor’s actions in 2024. They have once again enabled us to post record results, in line with each of the objectives we have set for the Group. This performance reflects the extraordinary commitment of our teams, the strength of our brands and our digital tools, the renewed confidence of our partners and the efficiency of our organization based on two autonomous and complementary divisions. Thanks to this vigorous growth, we will propose an increased return to shareholders at the next General Meeting. On these solid foundations, and by continuing to control our destiny, we are approaching 2025 with confidence and the ambition to once again deliver excellent results.”

In 2024, Accor opened 293 hotels, corresponding to more than 50,000 rooms, i.e., net network growth of 3.5 percent in the last 12 months. At end-December 2024, the Group had a hotel portfolio of 850,285 rooms (5,682 hotels) and a pipeline of more than 233,000 rooms (1,381 hotels).