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Accor SA (AC.PA)
- Skift
Hoping for a Paris Olympics Boost? Accor Expects Only a Small Bump
Isn't hosting the Olympics supposed to be a gold mine for hotels? Not for France, at least. Accor warned that it didn't expect a "massive financial uplift" from Paris hosting the Summer Olympic Games.
- Reuters
Accor's Q1 sales rise 8% as Middle-East, Africa and Asia Pacific demand picks up
Global tourism is set to fully recover from the pandemic in 2024 as international tourist arrivals will likely be 2% more numerous than in 2019, the United Nations' World Tourism Organisation said in January. Accor's revenue per available room (RevPAR), one of the industry's main performance gauges, rose 7.6% to 66 euros in the quarter. The increase was more pronounced in midscale, upscale and economy hotels in the Middle East, Africa and Asia-Pacific regions, where it grew by 12% on the back of bookings in Saudi Arabia during Ramadan and the recovery of tourism in Singapore and Thailand.
- Thomson Reuters StreetEvents
Q1 2024 Travel + Leisure Co Earnings Call
Q1 2024 Travel + Leisure Co Earnings Call
