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Accor Accelerates Its Expansion with 350 New Establishments by 2026

Accor announces in a press release a strategic expansion plan aimed at strengthening its global presence. The group plans to open about 350 new establishments over the next 12 months, covering its entire range of brands.


Accor Accelerates Its Expansion with 350 New Establishments by 2026

Strategic Growth and Market Penetration

Accor continues its strategic growth plan by targeting new destinations and established markets. The expansion revolves around several axes: accelerating network expansion, capturing demand in a greater number of destinations, and responding more quickly to changes in traveler behavior and expectations. The group structures this growth across five market segments. In luxury, Accor plans openings including Orient Express Corinthian at sea, a first Emblems Collection hotel in North America in the Canadian Rockies, as well as new Raffles, Fairmont, Sofitel, and MGallery Collection establishments. The lifestyle-Ennismore segment includes the return of Delano to Miami Beach, the introduction of Mama Shelter at Lake Como, and the launch of Morgans Originals in Greece, complemented by new Mondrian, Rixos, Hyde, and SO/ destinations. In premium, there are the Pullman Hamilton in New Zealand, the Grand Mercure Amritsar Airport Road in India, and Mantis Hiddn in South Africa. The midscale segment includes the Hotel Shanghai Hongqiao - Handwritten Collection in China, the Mercure Tokyu Stay in Hiroshima, Japan, and the Novotel Makkah South Central in Mecca, described as a major conversion. In economy, the ibis and greet brands are expanding with openings in South America, Europe, and Spain.

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Accor relies on a portfolio of over 45 brands to drive this expansion. The new targeted destinations cover major urban centers such as Shanghai and Miami, as well as cultural hubs like Melbourne and Venice. The group does not specify a detailed opening schedule or quantified targets beyond the overall volume of 350 establishments over 12 months.



Sector Hôtellerie / Voyage / Restauration · Tourisme Hôtels et Motels


Assurance vie

Context

Period
  • Period: 2024
Key reported figures
  • Revenue: 5 606 millions d'euros
  • Net income: 610 millions d'euros
  • Free cash flow: 614 millions d'euros
  • Net debt: 2 495 millions d'euros
  • Dividend per share: 1,26
  • Payout ratio: 50,0 %

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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