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World-leading hospitality group Accor announces its robust financial achievements for the year 2023. The company reported a record-breaking EBITDA surpassing EUR 1 billion, alongside a 23% increase in revenue-per-available-room compared to the previous year. Entering 2024, Accor is dedicated to pursuing sustainable growth, focusing on expanding its portfolio and optimising operations. This outlook is supported by the anticipated resurgence in the travel industry, with forecasts predicting 1.5 billion international travellers in 2024. https://lnkd.in/d-hPNprR

Accor announced record-high results today. Driven by resolutely solid demand in 2023, Accor was able to set new records in terms of operating and financial performances. One thing that I would like to highlight is the expansion of the network. In 2023, Accor opened 291 hotels, corresponding to 41,000 rooms, i.e., net network growth of 2.4% in the last 12 months. At end-December 2023, the Group had a hotel portfolio of 821,518 rooms (5,584 hotels) and a pipeline of 225,000 rooms (1,315 hotels). This shows the incredible trust our Partners have in making our brands the brands of choice. Read the full results here 👉 https://lnkd.in/ecAkG2ty #Accor #AccorResults

HOSPITALITY NEWS #753 Accor sets sights on second place in India’s hospitality market According to a post by Business Line, French hospitality giant Accor is setting ambitious goals for India, aiming to become the second-largest international hotel operator in the country within the next four years. With a current portfolio of 62 hotels, Accor plans to add 30 more, capitalising on the potential of a rapidly growing travel market. Their two-pronged approach focuses on expanding existing successful brands like Novotel and introducing new lifestyle properties like Tribe, 25 Hours, SLS among others, targeting a younger generation. This strategy positions them for a head-to-head battle with Radisson Hotel Group, the current number two player. Accor’s diverse brand portfolio and focus on exceptional service could propel them to the coveted number two spot, potentially challenging the current leader, Marriott International, informed Duncan O’Rourke, Middle East, Africa & Asia Pacific, CEO of Accor. Sources: HB

IHG Hotels & Resorts has today reported a strong set of Q1 results thanks to another outstanding team effort from colleagues across our business. In our Europe, Middle East, Asia & Africa (EMEAA) region, we’ve made more notable progress, driving RevPAR up 9% vs 2023. This included rises in major markets including Japan (+17%), Australia (10%) and the Middle East (7%). We opened 10 hotels in the quarter and added 28 properties to our pipeline, with conversions representing around 38% of our signings, including the first three hotels for our midscale conversion brand Garner in Japan, which was quickly followed by its launch in EMEAA. This momentum continued into April, when we announced an agreement with NOVUM Hospitality that will double IHG’s presence in Germany through even more conversions, with up to 119 hotels set to join us over the coming years. https://lnkd.in/ewUq8A4h

🌍 Did you know that Accor's Mercure brand just reached a historic milestone by opening its 1,000th hotel? This significant achievement reflects the brand's commitment to local discovery and exploration, as well as its impressive growth in the global hospitality market. As Mercure continues to expand, notably in regions like China and Japan, this opens up exciting opportunities for hotel managers and operators. Here are some key takeaways about this milestone and what it means for the industry: - 🏨 **Global Network**: Mercure now has a presence in 68 countries with over 1,000 hotels, which enhances brand recognition and market reach for hoteliers. - 📈 **Dynamic Growth**: With more than 200 hotels in development, Mercure is set to continue its robust expansion strategy, making it an attractive option for owners seeking to align with a reputable brand. - 🎨 **Adaptable Designs**: The brand's flexible approach to design and local engagement ensures each hotel reflects the area's unique character, contributing to authentic guest experiences. As we witness this impressive growth, it is essential for hotel managers to leverage technology to optimize operations. Implementing advanced management systems and AI solutions can further enhance guest satisfaction and streamline processes in newly opened properties. 🌟 What strategies are you implementing to keep pace with the rapid growth in the hospitality sector? Share your thoughts and experiences in the comments! 💬 #HotelManagement #TechnologyInHospitality #AccorGroup Image source: Accor

Welcome to EMEAA 👋 IHG Hotels & Resorts’ Europe, Middle East, Asia & Africa region. Home to eight of the top 10 most visited nations in the world*, EMEAA is a rich mix of countries, cultures and communities, with a scale and ambition that means it’s playing a key role in IHG’s growth. EMEAA is divided into three country clusters: Europe (EUR), India, Middle East & Africa (IMEA), and East Asia & Pacific (EAPAC), where close-to-market colleagues leverage IHG’s global enterprise and drive localised support for hotels and owners. Our region comprises 1,296 open hotels (256,948 rooms) and a pipeline of 583 properties (102,607 rooms), which includes a rising number of conversions – a key way we’re accelerating growth. Fancy staying at one of EMEAA’s many outstanding new hotels? Why not head to our first Kimpton in Hungary, Kimpton BEM Budapest, or our first Hotel Indigo in Oman, Hotel Indigo Jabal Akhdar Resort & Spa. Curious to see what’s in our pipeline? Keep your eyes peeled for stand-out signings including Moire Hoi An, Vignette Collection in Vietnam and InterContinental Belgrade in Serbia. ✈ Figures as of 30 September 2024 *UNWTO data

Corporate Tracker report for @InterContinental Hotels Group : InterContinental Hotels Group (IHG) demonstrated robust growth in Q3 2024, opening 17,500 new rooms and maintaining a strong expansion pipeline. The company's diverse demand segmentation across leisure, business, and group bookings, coupled with its balanced portfolio and established brand recognition, positions it well in the competitive hospitality landscape. However, IHG faces challenges including potential over-expansion risks, management complexities in scaling operations, and dependence on favorable market conditions. Opportunities for growth lie in emerging markets, technological advancements, and diversification of offerings, while threats include intensifying competition, economic uncertainties, and changing consumer preferences. As the travel industry continues to evolve, IHG's ability to adapt to these dynamics will be crucial for sustaining its market position and long-term success.

📢✈️🙌 ALL, Accor loyalty programme, and #KrysFlyer, the #reward programme of the Singapore Airlines (SIA) Group, have taken their #partnership to new heights, delivering unmatched rewards to #members. With an exclusive 50% bonus on point conversions until 30th September 2024, members can seamlessly convert Reward points and KrisFlyer miles, unlocking incredible #travel, flight #upgrades, and #hotel #experiences. For every 4,500 KrisFlyer #miles converted, members will earn 1,500 Reward points, instead of the usual 1,000 points, while 2,000 Reward points can be converted into 1,500 KrisFlyer miles, rather than the standard 1,000 miles. This partnership empowers members to explore over 120 #destinations with Singapore Airlines and stay at Accor’s hotels globally. ALL - Accor Live Limitless   Discover more: https://lnkd.in/gw_DSeJQ

Accor came out with an extensive report on the importance of reviews and ratings for hotel bookings. I linked the study below, here are the highlights: ⭐ 97% of hotel guests peruse reviews before booking ⭐⭐ For 38% of travelers, reviews are a factor in every booking decision ⭐⭐⭐ Reviews are the 2nd most important factor after the room and amenities themselves. People care more about reviews than things like food options or wifi. ⭐⭐⭐⭐ Guests read an average of 9 per hotel! ⭐⭐⭐⭐⭐ Travelers are especially interested in cleanliness, followed by value for money and the rooms themselves. #Hospitality #HotelManagement #TravelTrends

Love to read updates and news from our partners! Happy reading!!! Accor came out with an extensive report on the importance of reviews and ratings for hotel bookings. I linked the study below, here are the highlights: ⭐ 97% of hotel guests peruse reviews before booking ⭐⭐ For 38% of travelers, reviews are a factor in every booking decision ⭐⭐⭐ Reviews are the 2nd most important factor after the room and amenities themselves. People care more about reviews than things like food options or wifi. ⭐⭐⭐⭐ Guests read an average of 9 per hotel! ⭐⭐⭐⭐⭐ Travelers are especially interested in cleanliness, followed by value for money and the rooms themselves. #Hospitality #HotelManagement #TravelTrends