Accor Reports Close To €2B Loss For 2020

Accor today reported its full 2020 results that were awful. The group lost close to two billion euros last year.

The revenues came in at €1.6B while simultaneously losing €2B. Accor has €4B liquidity available.

You can access Accor here.

READ MORE: Accor ALL Rate & Bonus Points And Miles Promotions

Accor’s hotel portfolio at the end of 2020:

Accor doesn’t break down luxury and upscale but rather lumps them together (red flag – looks better this way). Accor is very weak in the luxury segment.

52% of Accor’s hotels are in the economy segment (40% of the rooms) and another 31% (33% of the rooms) in the midscale.

Geographical Presence

The reason why Accor did so badly in 2020 is clearly when you look at where most of their hotel portfolio is – Europe 59% of the hotels and 46% of the rooms. Many markets still are closed and not allowing any non-essential travel.

The bright spot is Accor’s strength in Asia-Pacific that has weathered the Covid-19 much better than Europe and the Americas. 25% of Accor’s hotels are in the area representing 32% of the rooms.

How RevPAR has developed in 2020 in three markets:

RevPAR stands for Revenue per Available room. Europe is still in very dark spot

Hotel Portfolio by Market:

Here’s the press release:

Download (PDF, 434KB)

The fiscal Year 2020 presentation:

Download (PDF, 2.38MB)

Financial Statements:

Download (PDF, 1.26MB)

RevPAR in 2020:

Download (PDF, 218KB)

Hotel Portfolio:

Download (PDF, 266KB)


I am sure that Accor will pull through, if not by itself, but with the French government’s help. France would not allow a company as significant as Accor to go under. 

Accor still has significant untapped credit lines, but they need to stop the bleeding by the end of 2021.