Q1 2021 Accor SA Corporate Sales Call Transcript
Hello, and welcome to the Accor Q1 Analyst Conference Call. My name is Lydia, and I will be your coordinator for today's event. Please note this conference is being recorded (Operator Instructions) I will now hand over to your host, Jean-Jacques Morin, General Director and Financial Director, to begin today's conference. Thank you.
Before we start the presentation and for the sake of clarity, the RevPAR variation that we will provide are versus Q1 2019. And this was done in order to ease the understanding of the performance and notably to avoid these effects. So we took 2019 as being a normative year. As for revenue figures, we provide both variations versus Q1 2020 and Q1 2019 in the document, so you have them as references.
Without further delays, let's start with the highlights of the quarter that you will find on Page 3. So the Q1 2021 business highlights reflects, as anticipated, a context similar to Q4 2020. The RevPAR was down 64% over the quarter versus 2019. The last 12
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