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Articles tagged “accor”

Daily Lodging Report

Accor Welcomes 23 Mercure and Grand Mercure Hotels in Japan

Accor has sent an email blast to all its members about 23 Mercure and Grand Mercure hotels in Japan joining the system in 2024. There are the current Daiwa Resorts properties joining the Mercure and Grand Mercure brands in 2024.

2 months ago

News Blog

Accor’s Hotel Owner-Operator May Get More Indebted to Hedge Fund Sculptor

AccorInvest, a hotel owner-operator company that global hotel group Accor created in 2017, is seeing a rising share of its outstanding debt owned by one player, the hedge fund Sculptor, Bloomberg News reported on Tuesday. Sculptor "bought about half of the €270 million ($290 million) of loans previously owned by UniCredit SpA in recent weeks," Bloomberg reported…

Sean O'Neill | 2 months ago

Hotels

Ennismore Launches Twist on Hotel Loyalty: $5 Rooms and Surprise Trips

Drop culture can reshape the approach to experiential loyalty for hospitality brand Ennismore — but it needs to ensure enough experiences to go around to avoid frustrating its members.

Selene Brophy | 2 months ago

Ennismore Launches Twist on Hotel Loyalty: $5 Rooms and Surprise Trips

News Blog

Accor CEO Advises Young Hotel Entrepreneurs on Scaling Up: WTTC Summit Video

If you want to enter the hospitality sector, start small and get financial support. But be aware that scaling up beyond a certain threshold can be tremendously hard. That was the advice from the head of one of the world's largest hotel groups, Accor chairman and group CEO Sébastien Bazin. "If it's your dream or…

Sean O'Neill | 2 months ago

Online Travel

How Indians are Traveling During the Festive Season: India Report

Indians are increasingly prioritizing travel experiences and the long holiday during the festive season is incentive enough to satiate that wanderlust.

Peden Doma Bhutia | 2 months ago

How Indians are Traveling During the Festive Season: India Report

Daily Lodging Report

Accor Has a Record 42 Signed Deals in Asia

Accor said they are gearing towards a record-breaking year in signings in the Premium, Midscale and Economy Divisions across Asia. As of September, Accor has already signed management agreements for a total of 42 properties.

2 months ago

Daily Lodging Report

Accor Forecasts Robust Revenue and Profit for 2023

Accor expects full-year RevPAR growth to exceed 20%. 3Q RevPAR was up 15%, and they expect this momentum to continue.

2 months ago

Hotels

Accor Now Expects Its 2023 Hotel Performance to Exceed Forecasts

Accor is having a happy, "Emily in Paris" kind of year. High-spending Americans thronged Europe this summer, helping the hotel giant beat expectations for revenue and profit.

Sean O'Neill | 2 months ago

Accor Now Expects Its 2023 Hotel Performance to Exceed Forecasts
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Hotels

How Accor Is Delivering Positive Change Through Procurement

Effective procurement processes can have a significant impact on the success and profitability of hospitality businesses. Having a centralized procurement platform can drive value for owners, partners, and clients by easing operations, optimizing costs, and maximizing performance.

Accor Group + Skift | 2 months ago

How Accor Is Delivering Positive Change Through Procurement

Hotels

Accor CEO: Hotel Development Struggles With Sustainability ‘Paradox’

Accor CEO Sebastien Bazin said opening fewer hotels would lessen the industry's environmental impact, but that hotels also do a lot of good for society.

Josh Corder | 2 months ago

Accor CEO: Hotel Development Struggles With Sustainability ‘Paradox’