Accor’s Optimism in Australia and India
Skift Take
- Accor said they are experiencing a sustained recovery in their Western Australia hotel, apartment, and resorts network.
- Accor also said they are bullish on India, with plans to open mid-level hotels across metros and budget brands in tier-2 and tier-3 cities but also adds to its luxury portfolio with another Raffles property in Jaipur soon.
- The Park Hotels will run a 65-room hotel at the Digha Convention Centre. An agreement was signed with the Kolkata Metropolitan Development Authority.
Accor said they are experiencing a sustained recovery in their Western Australia hotel, apartment, and resorts network. Continued strength in leisure travel, the revival of business travel and an increase in international flights have prompted the resurgence of tourism, with positive forecasts for the remainder of the year. Accor’s city hotels experienced a downturn in the first two years of the pandemic but the group’s regional hotels in WA bucked the trend. Accor operates 25 hotels and resorts across the state. Their Perth hotels recovered to 66% occupancy by the end of June, just five percentage points behind June 2019. Average rate is higher than pre-pandemic. Regional WA attracted even higher average rates and an occupancy level of 65% in June 2022. The standout hotel was Pullman Bunker Bay Resort in the Margaret River region, which performed over 29% higher in June 2022 compared to June 2019. All that being said, Western Australia is outperforming other states i
