Accor: Q1 revenues down by 16% - 25% RevPAR decline, lessons for the travel sector from China and why the $2T global luxury travel universe will kick start economies post COVID-19.

Accor: Q1 revenues down by 16% - 25% RevPAR decline
Tuesday, 28th April 2020

However sustainable portfolio organic growth with 8,000 rooms opened and solid financials and ample liquidity.

During first-quarter 2020, Accor opened 58 hotels, which is a very satisfying level given the current environment. At end-March 2020, the Group had a portfolio of 746,903 rooms (5,085 hotels) and a pipeline of 208,000 rooms (1,202 hotels), of which 76% in emerging markets. As of April 22, 2020, 62% of the Group’s hotels are closed, i.e., more than 3,100 units >>

Rosewood launches 'Rosewood Raise'
28 Apr 2020 : Developed in dedication to these very individuals that have demonstrated an unwavering commitment to the Group’s hotels and destinations, Rosewood Raise supports an associate relief fund and community-focused efforts, including donated hotel rooms and meal preparation and supplies for essential workers >>

Back to the future: lessons for the travel sector from China
28 Apr 2020 : During the first quarter of this year we have learned that the future is not quite what it used to be and in fact, right now that future we all predicted – of a continued growth year – couldn´t be further away >>

Are German hotels poised to be the fastest to recover?
28 Apr 2020 : No-one knows the timeline as to when domestic and cross-border travel will resume and how exactly it will come back, but we know that it will. And once it does, we consider that the German hotel sector has a good chance to experience faster growth than some of its European counterparts for the following reasons >>

HIGHLIGHT ARTICLE

Why the $2 Trillion Global Luxury Travel will Kick Start Economies Post COVID-19
Tuesday, 28th April 2020

ILTM has commissioned a white paper to underpin the true value of luxury travel to small, medium sized and large businesses across the world.

The report by Barton Consulting brings clarity to the numbers employed, 90% of whom are working within small businesses or individual operations - and the contribution high net worth (HNW) travellers make to every sector. The report is further explained in a podcast entitled 'Luxury Travel’s true impact on business and employment' >>

Best Practices for Real-Time Business Messaging During A Crisis
Being where your customers are is more important than ever during this time of physical distancing and uncertainty. Connecting with your customers to maintain and strengthen relationships requires agility and flexibility. By quickly engaging and communicating with your customers in-the-moment you can keep them informed and help satisfy their needs >>

Travel Etiquette: Tips That Will Make You a Popular Travel Buddy
Traveling for most of us, is an exciting experience that broadens the mind, so that said, it is true that some trips can become a headache if you encounter inconsiderate travelers along the way >>

In case you've missed it: Global eNews of April 27, 2020
Thailand is planning a health certification for hotels, Asia's profit decline to deepen, what will it take for the cruise industry to survive and hotel operations in the COVID era >>