Accor Plans to Open 100 Luxury and Lifestyle Hotels by 2025
Photo Credit: Accor CEO Sébastien Bazin at Skift Global Forum in New York in 2022. Skift
Skift Take
Accor will open 100 luxury and lifestyle hotels by 2025, with plans to sign at least 50 more projects per year.
The DJIA rose 141 points while Nasdaq and the S&P 500 were both up 11 points on the day. The 10 year treasury yield was down .07 to 4.09%. Lodging stocks were mostly higher. AINC traded down to another new low, down another -5%. SHCO was down -6%. SLNA was up 3 cents but that was 9%.
Bloomberg published an article that Hilton is considering an acquisition of AJ Capital Partners’ Graduate Hotels. That is definitely one type of brand HLT and MAR do not have in their portfolio yet. The Points Guy said this isn’t the only rumor swirling around HLT, saying at the ALIS show there was talk that HLT was interested in the NoMad Hotels brand. That was first brought up last November.
The data from JLL’s latest U.S. Hotels chart of the week shows that we can expect to see increased investment and consolidation i
