Hotel giant Accor has reported a “solid and sustainable” rebound in activity in 2022, with €4,224 million in revenue, which marked an 80 per cent increase on 2021 full-year results, and four per cent higher than 2019.

Revpar in Asia Pacific improved by three percentage points between Q3 and Q4 and FY 2022 revpar was 18 per cent lower than 2019, due to the delayed reopening of China’s international borders, but offers the “largest recovery potential” in 2023.