Accor’s Hotel Stays Surpass 2019 Levels Even Without Chinese Outbound Travel
Photo Caption: A junior suite at the Moevenpick Hotel Basel. Source: Accor.
Skift Take
Voilà. The European hotel giant hasn't yet seen inflation erode the recovery in travel demand. Meanwhile, its reorganization effort continues to smell like a preparation for a split within perhaps a couple of years.
Accor, the Paris-based operator of about 5,300 hotels globally, said on Thursday as hotel stays surpassed pre-pandemic levels for the first time in the second quarter across all regions and brands. The internationally exposed company has seen a recovery despite the absence of Chinese and Japanese outbound travelers.
"We've been missing those Chinese travelers ever since," said Sébastien Bazin, chairman and CEO of Accor, during a call with investors. "But the enormous amount of American tourism [in Europe] is certainly an indication of our industry still being blessed with two things happening, the rebound of international travelers and a very, very strong domestic leisure market."
The group, which runs chains such as 25hours, Pullman, and Ibis, made a net profit of about $32 million (€32 million) on revenue of $1.77 billion (€1.73 billion) for the first six months of the year.
In the second quarter, Accor's prices moved above 2019 levels in many
