Accor issued rosier forecasts for full-year results and its 2024 outlook on Thursday on the strength of better-than-expected performance this year at the Paris-based hotel group.
Accor issued rosier forecasts for full-year results and its 2024 outlook on Thursday on the strength of better-than-expected performance this year at the Paris-based hotel group.
Accor raised its profit outlook after luxury hotels and the Paris Olympics helped drive growth, even as the French hospitality giant grappled with weakness in China’s domestic market.
Generation Z is defying stereotypes – and they’re spending on hotels.
Accor, the Paris-based hotel operator, earns about a fifth of its revenue from France. So analysts have been eyeing possible impacts from Paris hosting the 2024 Summer Olympic Games for three weeks across July and August.
Since Sébastian Bazin became its CEO in 2013, Accor has had a series of transformations and done a lot of acquisitions, such as Mövenpick, Fairmont, and Mantra, and joint ventures, such as Ennismore.
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