Ibis budget hotels launch in Bromley and Lancaster

Two new ibis budget hotels are set to open in Bromley and Lancaster town centres following successful leases to AGO Hotels.  The hotels will initially open for essential travel and key worker accommodation only from 22 March 2021, before opening for non-essential travel on 17 May 2021. The Bromley site will open with 59 bedrooms […]

Accor taps a trends, launches short-term vacation rental booking platform

Accor is strengthening its presence in the short-term vacation rental space with the launch of a new Apartments & Villas booking platform. Debuting with an inventory of more than 50,000 apartments, villas and chalets, Accor’s Apartments & Villas site consolidates accommodations from the company’s 15 extended stay hotel brands, including the Adagio, Mantra and Hyde […]

Accor begins digital key rollout, plans 500 hotels in 2021

Accor says it is rolling out its digital key solution following a pilot in North America, Europe and Asia. The Accor Key will be introduced in new properties opening in 2021 and the France-based hotel company has a goal of 500 hotels this year and 50% of all rooms within five years. The digital key […]

Ibis opens new hotel at London Heathrow T5

A new Ibis budget hotel has launched in London Heathrow T5 following a successful exchange of contracts with UK hotel management company, RBH. Throughout lockdown, the hotel will remain open for key workers and essential travel only. Ibis budget London Heathrow T5 is located a short bus ride away from Heathrow Terminal 5 and features […]

Video Highlights of Accor’s full-year 2020 results

Accor’s Deputy CEO & CFO, Jean-Jacques Morin, provides highlights in 2 minutes of Accor’s 2020 financial results. Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said: “In 2020, the hotel industry navigated an unprecedented crisis. In response to the pandemic, Accor, its employees and its owners made an extraordinary effort across the globe to […]

Accor posts €2B loss, lays out 2021 strategy

Accor has set its ALL loyalty program as one of the business’s strategic focuses for 2021. Announcing results for 2020, the hotel giant says it wants to speed up its personalization efforts via the loyalty scheme that was first unveiled two years ago. Accor posted a net loss of almost €2 billion for the year, […]

Accor reports loss of £336m in FY20

Accor has reported an EBITDA loss of £336m for the year ended 31 December 2020, marking a year-on-year swing of over £1bn. The group also revealed a major blow to its 2020 revenues, falling 60% from £3.5bn to £1.4bn in the period. Accor attributed the results to the “dramatic deterioration” in the wider industry due […]

Accor to sell a 1.5% stake in Huazhu for €239m

Accor announces that it completed the disposal of a 1.5% stake in Huazhu Group Limited (HTHT) for €239m. This transaction allows Accor to crystallize further value creation of the initial investment while simplifying its balance sheet. After this transaction, Accor owns a 3.3% stake in Huazhu and continues to be represented at the Group’s Board […]

RBH opens Ibis Budget hotel at Heathrow

UK-based independent hotel management and services company, RBH, has officially opened the doors to its first Heathrow hotel in 20 years.

The opening of Ibis Budget Heathrow T5 marks the completion of the first phase of refurbishment and rebrand of the former Travelodge on behalf of owner Sidra Capital, a Sharia compliant asset manager based in Saudi Arabia.