AccorInvest has reported strong operational and financial results for the 2024 fiscal year, highlighting a record annual revenue and an improvement in profitability. The company also made significant strides in its transformation plan, optimizing its asset portfolio.

Key financial results for 2024

AccorInvest's annual revenue reached €4.0 billion, marking a 3.1% increase at constant exchange rates, while EBITDA grew by 6.1%, reaching €656 million. The EBITDA margin also improved to 16.3%, up by 0.8 points.

These strong results reflect the company’s effective strategy, which included the sale of 160 non-strategic hotels, leading to a streamlined portfolio of 576 properties by the end of the year.

"The success of our asset management strategy, combined with disciplined liquidity management, has been validated by the market, particularly through the success of our two bond issuances in 2024. These transactions have strengthened our financial structure, reduced our financing costs, and reinforced investor confidence in our model and strategy, further confirming the relevance of our transformation." - Gilles Clavié, AccorInvest CEO

Debt reduction and financial management

AccorInvest also achieved a notable reduction in net debt, decreasing by 22% (or €0.8 billion) to €3.0 billion. The company successfully issued two bonds, raising a total of €1.4 billion, helping diversify its financing sources and reduce borrowing costs.

Asset disposals and portfolio optimization

In line with its strategy, AccorInvest disposed of 160 hotels in 2024, including the sale of 89 hotels for €720 million.

The company continues to focus on improving the environmental performance of its assets, with over €200 million invested in major renovations. Notably, the Mercure Paris Butte Montmartre Basilique reopened in July 2024 after two years of renovation.

2025 outlook

Looking ahead, AccorInvest plans to continue optimizing its portfolio, including the completion of its asset disposal plan and targeted investments in line with its ESG strategy. The company will remain focused on liquidity management and maintaining financial discipline.

"In 2025, we are set to achieve a major milestone: completing the transformation of AccorInvest into the company we have envisioned over the past four years. This transformation will be reflected in the unveiling of our new identity this spring, embodying our purpose, values, and unique style. Moving forward, we remain committed to responsible investment, sustainability, and delivering on our ESG commitments with a strong financial foundation and a clear strategic vision." - Gilles Clavié, AccorInvest CEO