WHY INVEST IN JO&JOE ACCOR GLOBAL DEVELOPMENT FEBRUARY 2019
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WHY INVEST IN JO&JOE | POSITIONING MANIFESTO We create places where travellers and locals meet to brunch, drink, enjoy an evening and stay the night. Whether you are coming in from around the corner or arriving from the other side of the world, come as you are and join the family. Travelling around the corner, or at the other end of the world. Travelling is no longer about finding the right flights or accommodation, it’s about feeling a part of something, about emotions and encounters, about sharing and having fun… 2
WHY INVEST IN JO&JOE | BRAND USPs JO&JOE TOP 3 USPs REDIFINING THE BEST ATMOSPHERE A PROFITABLE BUSINESS HOSPITALITY & DESIGN OF ITS MODEL CATEGORY • The fun of a hostel & the • Awesome design by • Optimization of beds per comfort of a hotel signature designers as sqm Penson & strong brand design touch points (pizza X sofa) = • Enhanced F&B concepts • Lively lifestyle open • Augmented F&B footprint common spaces, entertainment, activities and private “Open House to share” for guests • The best affordable place to • Great friendly one of a kind • Higher room rate and F&B sleep or eat in the teams revenue per sqm destination 3
WHY INVEST IN JO&JOE | THE OPEN HOUSE WE ARE CREATING The Open House An inviting place to share, accessible and welcoming to all. A place where Townsters (locals) and Tripsters (travellers) can co-exist. Set in a unique design, with local food, full of events and talent. A place where you can raise a glass in unison, be together, have a bite, chat, laugh, unwind, dream, work, play, love, practice yoga, play guitar, get a tattoo and explore the niches of a new city. Sleep in comfort, secure and safe either alone, with your family, friends, partners or soulmate.… 4
WHY INVEST IN JO&JOE | KEY PROGRAMS JO&JOE Essentials OUR TEAM OPEN DESIGN HAPPY FLOORS & HAPPY HOUSE HOMEMADE MEALS, LOCAL FOOD, AFFORDABLE A FUN AND LIVELY PRICES AND JUST WHAT ATMOSPHERE YOU NEED - THE BAR: THE HEART OF JO&JOE’S EXPERIENCE 5
WHY INVEST IN JO&JOE | KEY PROGRAMS Our team becomes your team Teamsters are a melting pot of various personalities, experiences and talent that recreates the heart and soul of the JO&JOE brand. They instigate unforgettable memories and unbreakable bonds creating the DNA of each Open House. 6
WHY INVEST IN JO&JOE | KEY PROGRAMS OPEN design Open spaces that make sharing easier : a terrace, a garden, a courtyard, a rooftop an open kitchen shared tables with platters for all, the pizza bed, and exciting and innovative spaces. « A well-designed space is the secret of a satisfying and happy life. Life is too short to be spent in a sad or inefficient place. » LEE PENSON 7
WHY INVEST IN JO&JOE | KEY PROGRAMS A fun and lively atmosphere Throughout the day and night you can find a variety of events adapted for all. Activities and events organized and scheduled with the community. Cultural, artistic, entertaining, variety, charitable, environmental. “Happy Accidents” that occur, born from spontaneity, encouraged by the teams, facilitated by the design, enhanced with the equipment and sustained by the atmosphere. 8
WHY INVEST IN JO&JOE | KEY PROGRAMS Homemade cuisine, The bar, local food, accessible prices, quality the heart of a JO&JOE guaranteed, without the pricetag! experience Affordable meals throughout the day, Simple receipes, local ingredients of the highest quality, Homemade meals cooked on the spot. A bar with a strong identity, at the heart of the JO&JOE experience providing hospitality, An experience revisited for more flexibility at all times, throughout the day. (orders made and picked up by the customer) and fluidity (Cashless) 9 9
WHY INVEST IN JO&JOE | KEY PROGRAMS Happy House Happy Floors SHARED KITCHEN VENDING MACHINE 24/7 COSY LOUNGE : SCREENS, GAMES.. You can live at your own pace, just like home: a private space for Tripsters only Common Spaces WASHING MACHINE LOCKERS Sleeping spaces tailored to everyone’s needs and means: private bedrooms / shared rooms / apartments 10
WHY INVEST IN JO&JOE | NETWORK & PIPELINE We’re coming! HOSSEGOR 2017 PARIS GENTILLY 2018 BUDAPEST 2020 KRAKOW 2020 LONDON OLYMPIA 2020 PARIS BUZENVAL 2020 RIO LARGO BOTICÀRIO 2020-2021 Coming soon : Rome, Vienna, Montpellier, Liverpool, A hundred cities have been identified to host Glasgow, Edinburgh, Amsterdam, London JO&JOE, 30 of which, within 5 years. 11
WHY INVEST IN JO&JOE | NETWORK & PIPELINE UPCOMING OPENING 2019 PARIS GENTILLY, FRANCE 185 ROOMS MARCH 2019
WHY INVEST IN JO&JOE | COMMUNICATION FACEBOOK SOCIAL NETWORKS A mixture of our identity and that of the local environment Social Media Goal : To show the JO&JOE experience and the communities surrounding it INSTAGRAM PR & INFLUENCE Extra care given to our relationships with the press and influencers MAKE SOME NOISE Over the top, hard hitting openings 30 17 13
WHY INVEST IN JO&JOE | COMMUNICATION AWARDS TOP COM LE GRAND PRIX LE GRAND PRIX CRISTAL GRAND PRIX 2017 STRATÉGIES STRATÉGIE FESTIVAL 2017 GRAND PRIX Design category DU DESIGN 2017 DU DIGITAL 2018 WITH WCIE Logotype (Branding) WITH WCIE STORE / RETAIL BRONZE Design / WITH WCIE GOLD: Brand creation dispositifs Consumer’s Brand Identity « Launching of Jo&Joe » category Drive to store category for the lauching GOLD: General design GOLD BETC DIGITAL of JO&JOE category for JO&JOE FIRST PRICE AT PRIX LABEL RED DOT DATA DRIVEN COMMUNICATION WITH WCIE WITH WCIE CAMPAIGN & ENTREPRISE UJJEF Design Observer Brand Identity Category SILVER Category 2018 BETC DIGITAL WITH WCIE for JO&JOE 14
WHY INVEST IN JO&JOE | PERFORMANCE DISTRIBUTION & DIGITAL STRONG DIRECT CHANNEL THE STRENGTH OF www.joandjoe.com Accorhotels.com SEO Responsive Acquisition Brand market International sales friendly Marketing window teams INDIRECT DISTRIBUTION « 2/3 of young travellers plan their trip on their smartphones… » MOBILE FIRST 15
WHY INVEST IN JO&JOE | PERFORMANCE ACCOR DISTRIBUTION SOLUTION ACCOR OFFERS >110 GLOBAL DISTRIBUTION PARTNERSHIPS AT BEST MARKET CONDITIONS Source : CRS by end of 2018 16
WHY INVEST IN JO&JOE | PERFORMANCE ACCOR LOYALTY PROGRAM ACCOR OWNS THE MOST INTERNATIONAL AND FAST GROWING LOYALTY PROGRAM Guest origin Loyalty members Northern A worldwide worldwide Europe 12% program Americas Le Club AccorHotels France 31% 20 brands FRS loyalty program 173M 13% 3,500 hotels in 100 countries Huazhu loyalty program Central & Eastern Free enrollment Europe 100% web based program 6% Partnerships with major airline Medite- Asia-Pacific loyalty programmes: Skyteam, 106M 120 rranean, Middle East 18% One World, Star Alliance… 100 & Africa… 70 4,7 >53 4 LE CLUB ACCORHOTELS 40 53 MILLION REPRESENTS 25 32 MEMBERS WORLDWIDE 10 14 18 34.6% 2012 2013 2014 2015 2016 2017 2018 +27,700 OF ALL ROOMNIGHTS MEMBERS EVERY DAY Source : LCAH by end of 2018 17
WHY INVEST IN JO&JOE | PERFORMANCE BUSINESS MODEL A turnover structure based on: Accommodation A « professional » offer: F&B (Prices per night groups, incentives, meetings. 35 to 55% of our from 19 €/bed * ) turnover (meals less than 10€*) From 250 beds Construction, renovation, conversion 10 to 11 M²/bed ratio in total TGFA Historical and atypical places (boats, gymnasiums, cinemas, mills…) An optimized level of profitability enabling both Tripsters and Investors to sleep soundly at night. *prix base France 18 18
WHY INVEST IN JO&JOE | PERFORMANCE OUT OF ORDINARY Can be all kind of rooms with a specific and unique design Open 5% APARTMENT 45 % YOURS 2 / 3 House 6 beds Private bedrooms 2 to 3 beds JO&JOE TYPE 30 % TOGETHER 4 Small dormitories of 4 beds HAPPY HOUSE 20 % TOGETHER 6 / 8 / 10 Big dormitories of 6 / 8 / 10 beds BAR / RESTAURANT 19
WHY INVEST IN JO&JOE | PERFORMANCE TOGETHER 6 / 8 / 10 YOURS 2 / 3 TOGETHER 4 APARTMENTS Big Dormitories Private bedrooms Small Dormitories 6 beds 6 to 10 beds 2 to 3 beds 4 beds 20
WHY INVEST IN JO&JOE | PERFORMANCE DEVELOPMENT CRITERIA AAA ultra city center location, historic WORLDWIDE conversion HOTEL RECOMMENDED NUMBER OF ROOMS 350 to 600 beds 350 to 600 beds TGFA / ROOM 10 – 11 sqm/bed 10 – 11 sqm/bed High volume Bar in lndoor & Outdoor Premises FOOD & BEVERAGE Happy house featuring collaborative kitchen for guest use WELL-BEING No Well-being equipment PRIME SECONDARY AIRPORTS LOCATIONS LOCATIONS SUBURBS Flexible space among public spaces MEETINGS INTERNATIONAL & OTHERS Shared room to be converted into ad hoc meeting spaces CAPITALS KEY CITIES & RESORTS MAJOR DOMESTIC DESTINATIONS OTHER CITIES & ATTRACTIVE TOURISTIC DESTINATIONS (1) Based on market demand 21
THANK YOU ! Contacts FRANCOIS LECLERC VP Brand and Operations JO&JOE francois.leclerc@accor.com NICOLAS STACHOWIAK Development Coordinator F&B&E nicolas.stachowiak@accor.com ANAÏSE CROMBÉ Head of Digital, Marketing and Communication anaise.crombe@accor.com
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