Accor reported all geographies are on the way to more normal levels of business despite the effects of the crisis still being present.
The France-based hotel giant said the Omicron variant interrupted previous monthly RevPAR gains since April 2021 but that February 2022 has already marked a turning point.
For its full-year 2021, the company reported consolidated revenue of just over €2 billion, a 34 per cent increase on 2020.
RevPAR declined 46 per cent in 2021 compared with 2019 while consolidated EBITDA was €22 million, compared with an EBITDA loss of €391 million in 2020. The group’s 2021 RevPAR was down 87 per cent on 2019.
RevPAR for South Europe declined 41 per cent versus 2019 while North Europe ended 2021 with a 57 per cent decline in RevPAR compared with 2019.
Sebastien Bazin, chairman and chief executive of Accor, said: "Despite a disrupted start of the year due to overall health restrictions, 2021 showed significant improvement in our business, as of the spring, with trends picking-up month after month right up to December.
"Our solid performances were achieved owing to the strength of our brands, our financial discipline and the sterling efforts of our teams who, throughout the year, demonstrated determination, tenacity and generosity. Thanks to their mobilisation, we emerge stronger from this crisis and have gained market shares in all our key regions. Moreover, our pipeline continues to flourish, with luxury and upscale segment representing close to 40 per cent of future openings, a 12-point increase in the past four years.
"As the desire to escape and to resume travelling has never been stronger, we are well underway to make the most of this rebound in all our markets. In 2022, we will continue to unfold our vision of ever-more experience-driven and sustainable tourism, facilitated by digital technologies. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders."
The group opened 288 hotels in 2021 bringing its portfolio to 5,298 hotels with a further 1,218 in the pipeline.