The underlying dynamics observed in previous quarters remained constant, with average price still high and a marked improvement in the occupancy rate which slightly lags the level of 2019.
All regions and segments contributed through solid operating performances, even if the first signs of normalization of activity growth are materializing after several quarters of intense recovery.
In third-quarter 2023, Accor opened 73 hotels, for around 9,200 rooms, and has thus achieved net unit growth of 3% over the last 12 months. At end-September 2023, the Group had a hotel portfolio of 812,425 rooms (5,537 hotels) and a pipeline of around 219,000 rooms (1,273 hotels).
For 2023, the Group is confirming its forecast of net unit growth in the network between 2% and 3%.
For the third quarter of 2023 the Group recorded revenues of €1,286m, up 13% on a like-for-like (LFL) level compared to the third quarter of 2022. This growth breaks down to a 13% increase for the Premium segment , Midscale & Economy Division and 17% for the Luxury & Lifestyle Division.
Changes in the scope of consolidation, mainly due to the consolidation of Paris Society into the Luxury & Lifestyle segment (Hotel Assets & Other division), contributed positively by €85 million. Currency effects had a negative impact of €98 million, mainly from the dollar Australian (-11%), the US dollar (-7%) and the Turkish lira (-38%).
