United Kingdom
United States
Asia Pacific
Sale of Accor properties rumored as chairman is ousted
Saturday, 07 Sep, 2005
0
The world’s fourth largest hotel group, Accor, announced that its Chairman Jean-Marc Espalioux will be stepping down.
Industry analysts believe this may signal the sales of some of the group’s 4,000 properties worldwide, which include Sofitel, Ibis, Red Roof Inns and Mercure hotel chains.
Which Espalioux’s departure is connected to the underperformance of Accor’s stock compared to rivals such as Starwood Hotels & Resorts Worldwide Inc, analysts have stressed that Espalioux, 53, has done an excellent job in steering the group through a sharp downturn after the Sept. 11, 2001 attacks on the United States ravaged the tourism industry worldwide, reported Reuters.
Charles Kao
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
EU airports bring back 100ml liquid rule
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Co-pilot faints, easyJet flight issues ‘red alert’
Dozens fall ill in P&O Cruises ship outbreak