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Accor's CEO Dismissal Signal's Franchise Growth

Category: Hotels, Posted:16 Nov 2010 | 06:00 am

Troubled global hotel chain Accor SA which saw the departure of Chief Executive Gilles Pelisson has signaled the market that it intends to focus on an asset light management approach which includes more franchising.
New top man Denis Hennequin comes from McDonald's Europe and takes on the role as CEO/Chairman.
Mounting pressure from well heeled shareholders Colony Capital and Eurazeo has been relentless on the disposal of non core group assets.
Many industry analyst's point to the institutional luxury brand Sofitel as a possible misfit in the new future plans.
It's been interesting in Asia to see Accor increasingly focus on the limited service sector ibis brand and in China start to manchise properties to spur the pipeline.
The separation a few years ago between Softiel and the remaining multi-brands of Accor failed and since larger scale re-integration has taken place.
For regional observers it's important to note that much of the asset stress is taking place on the European continent, but effects of the new direction will be felt on these far shores.

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Phuket’s Real Estate World’s Collide. Off-Plan Sales Flatten in Wake of Growing Resales

Category: Real estate, Posted:06 Jun 2024 | 05:54 am Phuket’s massive influx of new real estate development is witnessing rising competition from the secondary marketplace. The collision between off-plan property sales and resales is inevitable given the sheer number of units being completed and a growing critical mass of older properties. Comparing primary and re-sale transactions on the island from the first four months […]
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New Report On Samui’s Hotel Recovery, From C9 Hotelworks

Category: Hotels|Tourism, Posted:05 Jun 2024 | 18:01 pm A resurgence of Samui tourism has been fueled by domestic travelers, with 69% Y-O-Y growth. Muted Chinese traveler demand pushes hotels to diversify source markets and adapt to a changing landscape according to C9 Hotelworks new Samui Hotel & Tourism Market Review. In 2023, Samui hosted 3,541,821 visitors, evenly split between domestic and foreign travelers, […]
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Bid Now. Only 8 Days Left For the PHAB Great Travel Auction

Category: Hotels, Posted:04 Jun 2024 | 07:52 am There are only 8 days left to bid on this year’s non-profit Phuket Hotels Association online charity travel auction. Amazing travel stays from London, Australia, Bali, Dubai, Paris, Maldives, and of course Phuket, Bangkok, and Koh Samui. There is even a vacation stay in Bhutan. All of the proceeds go to support the hospitality scholarship […]
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