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Gen Z Gives Surprising Boost to Some Hotels

Gen Z Gives Surprising Boost to Some Hotels
skift.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from skift.com Daily Mail and Mail on Sunday newspapers.

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Accor reports 'good traction' on corporate travel | Business Travel News Europe

Accor reports 'good traction' on corporate travel | Business Travel News Europe
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Paris 2024 Summer Olympics: Accor Expects 2% Revenue Boost

Paris 2024 Summer Olympics: Accor Expects 2% Revenue Boost
skift.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from skift.com Daily Mail and Mail on Sunday newspapers.

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Accor tops annual core profit forecast, upbeat on 2024

Europe's biggest hotel group Accor posted a bigger-than-expected jump in annual core profit on Thursday, boosted by strong performances across all its markets, and forecast an upbeat 2024, driven by...

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Accor reports strong third-quarter RevPAR growth | Business Travel News Europe

Accor Group reported a strong growth in Q3, with increases in revenue per available room, occupancy, and daily rates. Systemwide RevPAR increased by 14.7%, and ADR increased by 9.8%.

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Accor raises outlook again after another strong post-pandemic summer

-Europe's biggest hotel group Accor on Thursday raised its core profit targets for 2023 for the second time this year, citing the strength of business momentum in all its markets after another strong... -October 26, 2023 at 12:24 pm EDT - MarketScreener

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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.

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Accor Now Expects Its 2023 Hotel Performance to Exceed Forecasts

Accor Now Expects Its 2023 Hotel Performance to Exceed Forecasts
skift.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from skift.com Daily Mail and Mail on Sunday newspapers.

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Solid activity growth Raised full-year guidance

Business trends in Q2 2023 were solid in the Group's two divisions. Hotel demand from both leisure and business guests remained buoyant. This was shown by the improvement in occupancy rates and a sustained increase in average room rates.These results enable the Group to raise its full-year EBITDA guidance presented at the Capital Markets Day on June 27th, 2023.During first-half 2023, Accor opened 114 hotels, representing 14,500 rooms, i.e. net unit growth of 3.5% in the last 12 months. At end-June 2023, the Group had a hotel portfolio of 805,436 rooms (5,487 hotels) and a pipeline of 217,000 rooms (1,262 hotels).

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