2022---painful-reorganization-at-accorinvest Official

: The plan involved renegotiating nearly €4 billion in debt with banks and securing a €477 million state-guaranteed loan (PGE).

: The group announced the cutting of 1,900 jobs globally as part of its effort to streamline operations. 2022---painful-reorganization-at-AccorInvest

: To reduce leverage, AccorInvest committed to a €1.144 billion asset disposal plan , which was later upgraded to €1.7 billion to recalibrate its portfolio toward more profitable owned hotels in Europe. 2022: The Road to Recovery : The plan involved renegotiating nearly €4 billion

: Revenue per available room (RevPAR) returned to pre-pandemic levels by June 2022, fueled by a strong recovery in European domestic travel. 2022---painful-reorganization-at-AccorInvest