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2022---painful-reorganization-at-accorinvest ✪ (Premium)

: By late 2022, the group had completed nearly half of its planned asset sales, focusing on offloading non-strategic, less-profitable leased properties. Long-term Outcome

In July 2020, AccorInvest launched a transformation plan aimed at securing its financial future after turnover dropped by 70% during the pandemic. Key elements included: 2022---painful-reorganization-at-AccorInvest

By mid-2022, AccorInvest began emerging from what CEO Gilles Clavié described as "two years of purgatory". : By late 2022, the group had completed

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

: In the first half of 2022, the group returned to positive earnings (EBITDA).

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