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Recovery on track for Orient Express and Savoy owner Accor as it recovers from the Covid pandemic
Business is booming at the company behind the Orient Express and The Savoy Hotel as it recovers from the Covid pandemic.
Accor – Europe’s largest hotel operator and owner of the luxury rail service – said profits rose from £19m in 2021 to £594m last year.
The company, which has the Fairmont, Ibis and Pullman chains in the UK in its hotel empire, boosted renewed demand for short getaways, particularly in December.
Accor – Europe’s largest hotel operator and owner of the Orient Express (pictured) – said profits rose from £19m in 2021 to £594m last year
Accor said its hotels in “almost all” regions performed better than before the pandemic.
In the Northern Europe division, revenue per room in the fourth quarter of 2022 was 5 percent higher than in 2019. But for the full year, revenue was 6 percent below that of 2019.
Revenue per room ‘remained solid’ in the UK despite train strikes cutting transport links to London during the year, a spokesman said.
High demand at the FIFA World Cup in Qatar led to bookings in its division that spanned India, Africa, Middle East and Turkey.
But China suffered from a strict zero-Covid policy until the end of last year.