: 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
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 2022---painful-reorganization-at-AccorInvest
By mid-2022, AccorInvest began emerging from what CEO Gilles Clavié described as "two years of purgatory". : To reduce leverage, AccorInvest committed to a €1