[Travel News]: Strong pricing power drives Accor’s first quarter results
TheTourAttraction.com aims to provide the latest global travel and free travel news, travel and visa policies, and flight information. We hope to provide insights into tourism market, technology and development trends with everyone by providing the latest relevant information. Despite the raging COVID-19 epidemic in 2020, we always firmly believe that mankind will overcome the disease and the tourism market will definitely recover. TheTourAttraction.com look forward to your attention and support, and witness the development of the global tourism industry with us. Looking forward to the information TheTourAttraction.com provide can help you. We will continue to follow up and obtain the latest data, and look forward to your attention and support.
The following is the [Travel News]: Strong pricing power drives Accor’s first quarter results from [Costar] recommended by TheTourAttraction.com:
Bulk of demand still not coming from international travel.
Accor’s overall performance is improving with every quarter, buoyed by domestic demand in each of its markets, which will return to 2019 levels by the end of this year, according to executives at the global hotel franchise company based in France.
The firm’s hotels in China remain the big drag on performance, Jean-Jacques Morin, Accor’s chief financial officer and deputy CEO, said.
“Shanghai is closed down, and 70 million people are shut down,” he said. “No one can foresee when China will reopen, and every statement out of China clearly shows that there is to be no short-term change to its policy of restrictions.”
Read original report