Full Year 2022 Accor SA Earnings Call Transcript

Feb 23, 2023 / 07:30AM GMT
Sebastien Marie Christophe Bazin - Accor SA - Chairman, CEO, CEO of Luxury & Lifestyle Division and Member of Management Board

Bonjour, and good morning, everyone. Thank you for being connected with us. Jean-Jacques Morin is on my right.

And we're going to be spending the next 90 minutes until 10 o'clock Paris time on announcing and sharing with you great results for 2022, extremely solid. Very happy to go through it. Happy probably, and I'll do it now to tell you that, yes, we are enjoying a nice month of January in terms of activities and likely looking forward for 2023, which is going to be an even better year of 2022.

So I'm going to start with the first slide, which is a bit 20,000 feet altitude. I wanted to show you in between the kind of bearish environment, which was the case in October 2022. When it comes to inflation, the same person probably as economist in the world, what they have said in January 2023, which is 3 months, 90-days lag. Clearly, when it comes to inflation, inflation is still there, but no longer rising and the fear was probably to go much higher than where

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