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

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:

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

: In the first half of 2022, the group returned to positive earnings (EBITDA). In July 2020, AccorInvest launched a transformation plan

The reorganization of AccorInvest throughout 2021 and 2022 was characterized by aggressive financial restructuring and a massive reduction in workforce to combat the devastating impact of the global health crisis. While the group began to see a rebound in 2022, the transformation was widely considered "painful" due to significant job losses and a forced shift in its business model. The Reorganization Drive The reorganization of AccorInvest throughout 2021 and 2022