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☆ Accor CEO: Anyone betting against hospitality is likely to be wrong
▼ + stars: | 2024-06-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAccor CEO: Anyone betting against hospitality is likely to be wrongAccor CEO Sébastien Bazin joins CNBC's 'The Exchange' to discuss the European economy, outlooks for hospitality, and more.

Persons: Sébastien Bazin, CNBC's

☆ Americans don't 'play that much' in the luxury industry, Accor CEO says
▼ + stars: | 2024-04-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmericans don't 'play that much' in the luxury industry, Accor CEO saysAccor CEO Sébastien Bazin goes over the industry outlook.

Persons: Sébastien Bazin

☆ Accor plans to add more than 1,200 hotels
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +2 min

June 27 (Reuters) - Accor (ACCP.PA) plans to open more than 1,200 hotels in the next five years, increasing the number of its resorts by more than one-fifth, Europe's biggest hotel group said on Tuesday. Accor also raised its outlook at its capital markets day, forecasting its 2023 revenue per room (RevPAR) to grow by 15% to 20% amid reorganisation plans that were implemented in January. Accor said it plans to return around 3 billion euros to shareholders in that period via dividends and share buybacks. "We expect a positive share price performance today and we will probably upgrade our recommendation on Accor as the updated mid-term guidance is stronger than expected," said analyst Yi Zhong at AlphaValue. ($1 = 0.9153 euros)Reporting by Tristan Veyet and Gaëlle Sheehan in Gdansk; editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

Persons: Accor, Sébastien Bazin, Yi Zhong, Tristan Veyet, Gaëlle Sheehan, Sherry Jacob, Phillips Organizations: Europe's, Barclays, Thomson Locations: Accor, AlphaValue, Gdansk

☆ US, European hotel rates may keep rising, industry executives say
▼ + stars: | 2023-06-07 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +2 min

NEW YORK, June 7 (Reuters) - Hotel room rates in the U.S. and Europe are rising and may get even more expensive as supply has failed to keep up with demand, industry executives said. The number of U.S. hotel rooms increased about 3% in April of 2023 from the same month in 2019. Some 153,000 hotel rooms were under construction in April of 2023, down from a peak of 220,000 in the same month in 2020, according to hotel analytics firm STR. U.S. hotel rates in May averaged $157.45 a night, up 17% from the same month in 2019. "For the past 20 years hotel operators were not daring enough to restate the prices of hotel rooms," he said.

Persons: Keith Barr, Barr, It's, Mark Hoplamazian, Michael Tran, Sebastien Bazin, Bazin, There's, IHG's Barr, Doyinsola Oladipo, Richard Chang, Paul Simao Organizations: YORK, Resorts, NYU International Hospitality Industry Investment Conference, RBC Capital Markets, Thomson Locations: U.S, Europe, Paris, London, New York

☆ US, European hotel room rates could keep rising - industry executives
▼ + stars: | 2023-06-07 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +2 min

NEW YORK, June 7 (Reuters) - Hotel room rates in the U.S. and Europe are rising and may get even more expensive as supply has failed to keep up with demand, industry executives said. Some 153,000 hotel rooms were under construction in April, down from a peak of 220,000 in the same month in 2020, according to hotel analytics firm STR. U.S. hotel rates in May averaged $157.45 a night, up 17% from 2019. "For the past 20 years hotel operators were not daring enough to restate the prices of hotel rooms," he said. Bazin said Paris hotel prices in the past six months cost 50% more than in 2019, while prices in London rose 30% over the same period.

Persons: Keith Barr, It's, Barr, Mark Hoplamazian, Sébastien Bazin, Bazin, There's, IHG's Barr, Doyinsola Oladipo, Richard Chang Organizations: YORK, Resorts, NYU International Hospitality Industry Investment Conference, U.S, Hotels, Thomson Locations: U.S, Europe, Paris, London, New York

☆ An ultra-luxury Orient Express superyacht featuring a 15,000-square-foot presidential suite will set sail in 2026. Take a look.
▼ + stars: | 2023-01-15 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

The Orient Express brand is taking to the high seas with a 720-foot superyacht. The Orient Express Silenseas will have 54 suites as well as a huge presidential suite. The Accor Group, the hotel giant that also owns Sofitel, Mercure and Novotel, said the Orient Express Silenseas will be able to accommodate up to 120 guests. A rendering of the Orient Express Silenseas. Martin DarzacqThe superyacht, set to sail in 2026, is a partnership between Accor and Chantiers de l'Atlantique, a French shipbuilder.

☆ Europe's top hotel chain is hiring workers without experience or even résumés because it's so desperate for staff
▼ + stars: | 2022-07-05 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

The CEO of Accor, Europe's top hotel chain, said he's hiring workers without experience or résumés. Sebastien Bazin said some Accor hotels were limiting restaurant hours because of staff shortages. Hospitality workers have been quitting their jobs over wages, benefits, and working conditions. It means some hotels have been forced to widen their candidate pools — with Accor, Europe's largest hotel chain, turning to workers without experience or even résumés. Some days, Accor hotels have been forced to stop serving lunch or even completely close their restaurants because they don't have enough staff, Bazin said.

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