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 plan involved renegotiating nearly €4 billion in debt with banks and securing a €477 million state-guaranteed loan (PGE). 2022---painful-reorganization-at-AccorInvest
: 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
: Revenue per available room (RevPAR) returned to pre-pandemic levels by June 2022, fueled by a strong recovery in European domestic travel. In July 2020