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

: The group announced the cutting of 1,900 jobs globally as part of its effort to streamline operations.

: 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 2022---painful-reorganization-at-AccorInvest

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: : The group announced the cutting of 1,900

: 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 focusing on offloading non-strategic

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