Hotel group Accor eyes return to normal as demand rebounds
02/25/2022|8:29:39 AM|Reuters

Europe's biggest hotel group Accor said on Thursday it was "well on the way" to more normal levels of activity this year after its core earnings swung back to profit in 2021, helped by higher absorption of fixed costs.

The travel and hospitality industry is still recovering from the pandemic while European countries make plans to ease COVID-19 restrictions due to a drop in coronavirus infections.

The rebound paused in January due to the Omicron variant outbreak, but the month of February represented "a turning point", the French hotelier said. For 2022, the group forecast a 3.5% net growth in its hotels network against a 3% growth last year.

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