Tag Archives: Accor

Alden takes up new leadership role with Accor | News

Alden takes up new leadership role with Accor | News

Accor has announced the appointment of Stephen Alden to the dual role of chief executive Raffles and Orient Express. He will take up the position on May 3rd. Alden will report directly to Sébastien Bazin, Accor chief executive, and will become a member of the group executive committee. Bazin declared: “We are pleased to welcome […]

Katara Hospitality signs with Accor for Maison Delano Paris | News

Katara Hospitality signs with Accor for Maison Delano Paris | News

Katara Hospitality has announced a new partnership with Accor, a world-leading hospitality group, for an exciting new evolution of the iconic Delano brand, Maison Delano. The property is planned to open in 2022. Maison Delano Paris will be located in the heart of the prestigious 8th arrondissement in an 18th century mansion at 4 Rue […]

Accor reports €2bn loss for 2020 as Covid-19 takes toll | News

Accor reports €2bn loss for 2020 as Covid-19 takes toll | News

Accor has reported a net loss of €2 billion for financial 2020 as Covid-19 took a huge toll around the world. The figure is sharply down from a profit of €464 million reported in 2019. Travel restrictions saw revenues fall 60 per cent to €1.6 billion for the year. The largest hotel company in Europe, […]

Accor partners with Microsoft for new business offering | News

Accor partners with Microsoft for new business offering | News

Accor is collaborating with Microsoft to launch All Connect, a new hybrid meetings concept supported by Microsoft Teams. This new concept will enable guests around the world to adapt to the new ways of working that are expected to be an enduring legacy of the Covid-19 pandemic. Today, 55 per cent of Accor hotels with […]

Accor further sells down stake in Huazhu Group | News

Accor further sells down stake in Huazhu Group | News

Accor has sold a further a 1.5 per cent stake in Huazhu Group of China for €239 million as it continues to battle the fallout from the Covid-19 pandemic. The French company said the transaction would reap the benefits of the initial investment, while also simplifying its balance sheet. After this transaction, Accor will own […]

Accor renews focus on long-stay portfolio | News

Accor renews focus on long-stay portfolio | News

Accor has announced the launch of a website entirely dedicated to the rental of private residences and extended stay hotel properties. The site makes more than 50,000 apartments, villas and chalets available, drawing from thew 15 extended stay hotel brands under the Accor umbrella. These include Adagio, Mantra, and Hyde Living. Also on offer is […]

Accor sees revenue slump in third quarter as travel stalls | News

Accor sees revenue slump in third quarter as travel stalls | News

Accor has seen group revenue fall to €329 million in the third quarter of 2020, down by 69 per cent on a reported and 64 per cent on a like-for-like basis. The decline was attributed to the ongoing restrictions in travel created by the Covid-19 pandemic. RevPAR at the hotel giant fell by 63 per […]

O’Rourke to head enlarged northern Europe division at Accor | News

O’Rourke to head enlarged northern Europe division at Accor | News

As part of the recently announced organisational reset of Accor, Duncan O’Rourke has been promoted to chief executive for the extended northern Europe division. The new region is a merger of the previous northern, central, east and new east Europe teams. In his capacity, he will be responsible for 29 countries including Scandinavia, UK, Benelux, […]

AHIC 2020: Accor to take Swissôtel Living brand into Saudi Arabia | News

AHIC 2020: Accor to take Swissôtel Living brand into Saudi Arabia | News

Accor is marking another milestone in Saudi Arabia with the signing a management agreement to expand its premium portfolio. The deal will see the launch of the first the Swissôtel Living in the kingdom. The group has partnered with Al Raya Estate Group, a pioneer in the field of real estate development, to operate the […]

Accor to take Fairmont into Australia with Queensland property | News

Accor to take Fairmont into Australia with Queensland property | News

Accor is planning to bring the luxury Fairmont brand to Australia for the first time. The hospitality giant has unveiled plans to open the Fairmont Port Douglas in Far North Queensland in 2023.  Set on the edge of two UNESCO World Heritage sites – the Great Barrier Reef and the Daintree Rainforest – the hotel […]

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