Accor
Covers business activity and strategic direction at Accor, a global hospitality group with a significant presence in the UK. Reporting includes hotel openings, refurbishments, brand developments, and operational strategies across its diverse portfolio, from economy to luxury segments. Also features analysis of Accor’s market positioning, investment activities, and its impact on the UK’s hospitality landscape.
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Aug- 2019 -1 AugustHotel Brands
Accor sees revenues jump 27.8% in half-year results
Accorhotels has reported a 27.8% increase in revenues to €1.926m (£1.755m) in its half-year results. EBITDA also increased by 30.1% to €375m (£341m), and net profit was €141m. Hotel assets and other revenue amounted to €519m (£472m), a like-for-like increase of 7.1%. The reported rise of 130.5% notably reflects the…
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Jun- 2019 -18 JuneAppointments
Amaris Hospitality expands management team
Hotel investment and management group Amaris Hospitality has today announced three new appointments to its management team. Barry Patton has been appointed to finance director, and will be responsible for the overall management of Amaris Hospitality’s financial affairs, internally and externally. This includes the development of the group’s financial strategy,…
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May- 2019 -23 MayHotel Brands
St Helens Hotel to be re-branded to Mercure
The St Helens Hotel is set to operate under the Mercure brand following a £1m transformation by its new owners. The Estee Group, which purchased the hotel last year, have since invested in replacing and upgrading furnishings throughout the building, including works to repair the roof, refurbish bedrooms and public…
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20 MayAdvice
How hoteliers can capitalise on the silver pound
According to the Office for National Statistics, the UK population is the biggest it has ever been, and is on trend to keep growing, reaching a predicted 73 million by 2041. Births are now outnumbering deaths and immigration is exceeding emigration, so as well as expanding your potential guest pool,…
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1 MayAppointments
Focus Hotels appoints Lynn Hood as COO
Focus Hotels Management Ltd has strengthened its management team with the appointment of Lynn Hood as COO. Prior to joining Focus, Hood spent eight years at the helm of her successful consultancy business Hotel Prosperity Ltd, working with clients such as Westmont Hospitality Group, De Vere Hotels, RBH and KSL…
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Apr- 2019 -29 AprilThe Project
The Project: Ibis Styles Coventry
Why was the hotel refurbished? The owners, Cannock Group and Hetherley Capital Partners, bought this property from Accorhotels back in 2015, and since then it really has been due for a refurbishment. No investments had been made since the hotel opened, and after seeing what our competition was doing we…
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23 AprilHotel Brands
Accor revenues jump 34.2% in Q1 2019
Accor has reported a 34.2% increase in revenue to €987m (£854m) for the first quarter of 2019, with like-for-like sales (LFL) also up 8.8% during the period. The hotel brand’s RevPAR increased by 1.6%, with “mixed performances” across its global portfolio. According to the group, Europe remained “resilient”, with a…
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15 AprilHotel Brands
Accor signs five new UK hotels during Q1
Accor has signed eight new hotels across Northern Europe during the first quarter of 2019, five in the UK, two in Denmark and one in Belgium. The new signings will collectively add over 1,000 rooms to Accor’s portfolio in the region, which is in addition to the 1,000 new rooms…
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2 AprilAdvice
How to make revenue management truly effective
Revenue management has always been important for hotels. In a business selling a fixed number of rooms, being able to predict demand and optimise pricing to maximise overall revenue has historically been an important weapon in the armoury of a skilled hotelier. But as technology and consumer behaviours evolve, revenue…
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Mar- 2019 -12 MarchHotel Brands
Marriott, Hilton, IHG and Accor account for 55% of global pipeline
Marriott, Hilton, InterContinental Hotels Group (IHG) and Accor accounted for over half (55%) of the global hotel pipeline at the end of 2018, a new report has found. According to Lodging Econometrics’ (LE) Global Construction Pipeline Trend Report, which compiles the construction pipeline counts for every country and market around…
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