Accor tips

“Ninety percent of the success of hotel companies is linked to two things – demography and emerging middle class,” Accor chairman and CEO Sébastien Bazin said at the recent hospitality conference, HICSA 2024. This is especially true for India, he said, which has accounted for 25% of the emerging middle class in the past 10 years.

The world’s biggest hotel chains are doubling down on India, betting that the country’s rising affluence will fuel a surge in travel demand for years to come.

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.

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Hilton CEO Christopher Nassetta was awarded $56.8 million in pay last year, more than CEOs at rival hotel operators Marriott, Hyatt, Wyndham, Choice, IHG, and Accor, according to recent SEC filings.

Luxury hospitality brand Raffles has a new operations vice president for the Middle East. Ayman Gharib, who was earlier the managing director of the brand’s flagship hotel in Dubai, moves up to the role.

Accor’s hotel tech subsidiary, D-Edge, has acquired LoungeUp as a way to expand its group of products. Price and terms of the deal were not disclosed. 

India could well be the breeding ground for lifestyle hotels.

The global hospitality group takes a bold new step to transform commercial strategy for hotels and property owners worldwide through state-of-the-art revenue management tools.

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Gilda Perez-Alvarado surprised some hotel industry vets when she joined Accor last October, becoming its chief strategy officer. She switched from being the Global CEO of hotel broker JLL.

Accor’s top boss said Thursday that the hotel group will benefit as the middle class expands, especially in India.

Travel and Leisure Co. said Tuesday it had agreed to buy Accor Vacation Club, the timeshare business of Accor, for $48.4 million.

Accor is one of the world’s largest hotel operators.

ALL’s new social media competition gives basketball fans the opportunity to win last-chance tickets to the NBA Paris Game 2024, a night at the Novotel Paris Centre Bercy in a brand-new room, and NBA insider experiences with beIN SPORTS.

A class-action lawsuit against Accor, the Paris-based hotel giant, accuses it of having not disclosed so-called junk fees.

Major hotel groups in 2023 introduced a wave of brands, including Marriott’s StudioRes, IHG’s Garner, Spark by Hilton, and Hyatt Studios. These brands shouldn’t be confused with other new ones, such as Aman’s Janu, Kerzner’s Siro, Langham’s Ying’nFlo, TAG’s Paradox, and Paliosociety’s Le Petit Pali.

These organizational changes will be effective as of 1 January 2024.

Mercure has partnered with Munchies and TOPJAW to inspire the palates of world travelers with 50 amazing food & drink experiences around the globe.

Accor said on Thursday it would appoint Gilda Perez-Alvarado as CEO of Orient Express, its luxury hotel brand, effective January 1.

Accor has announced the signing of the first Tribe Nation hotel in China, in partnership with Guiyang Chengnan Investment and Development Company Ltd.