With new journey habits, folks in search of out longer stays and exploring locations extra totally, Accor continues to steer the accelerating prolonged keep market with the business’s most complete prolonged keep portfolio, benefiting our homeowners, our friends, and Accor.
Anticipating the Evolving Panorama of Journey Developments
At the moment, the worldwide prolonged keep lodge market is valued at roughly US$54.5 billion and set to succeed in US$166.5 billion by 2032 (Prolonged Keep Resort Market Outlook 2023-2033 by Future Market Insights), with rising demand from cities reminiscent of Riyadh, London and Singapore.
As distant and hybrid work fashions come into their very own, an increasing number of skilled vacationers are mixing enterprise and leisure – and seeking to keep at their vacation spot for longer. Many friends are additionally eager to discover the vacation spot extra totally and join with the local people, as highlighted in Accor’s “Hospitality Forward” report and unique survey of 15,000 vacationers throughout seven nations figuring out the need to “search & savor” because the top-ranked desired emotional expertise in journey.
The demand for prolonged keep properties is hovering, creating alternatives for Accor to facilitate and enrich new hybrid existence. Serviced flats and prolonged keep provide friends all the pliability and residential comforts they want, mixing the privateness and luxury of a house with the comfort of lodge providers. Accor is anticipating new journey traits and continues to steer markets the place the Group has established deep roots, robust relationships, and a strong presence, reminiscent of in Europe, the Center East and Asia-Pacific.
Aligning with demand, Accor has constructed on our experience in lodge lodging to innovate on this sector. Now one of many international leaders in prolonged keep, we provide an unparalleled portfolio of worldwide acknowledged prolonged keep manufacturers. Camil Yazbeck, International Chief Improvement Officer – Premium, Midscale & Financial system
Be taught extra within the current LinkedIn Tribune of Camil Yazbeck:
Increasing Potential for All: Homeowners, Friends, and Accor
With prolonged keep, homeowners can optimize their profitability and generate further income.
This development is not simply when it comes to quantity: with decrease operational prices and better profitability, prolonged keep properties aren’t simply resilient however are additionally ripe for income optimization. Camil Yazbeck, International Chief Improvement Officer – Premium, Midscale & Financial system
With over 380 prolonged keep accommodations and 14 international manufacturers from Financial system to Luxurious, Accor is the biggest prolonged keep operator outdoors the US and gives essentially the most complete portfolio of options. Starting from Luxurious to Financial system, the Group gives prolonged stays tailor-made for each type of traveler – encompassing manufacturers reminiscent of Pullman Dwelling, Novotel Dwelling, Adagio and Mercure Dwelling, distinctive alternative of outstanding luxurious model serviced residences, in addition to the one main lodge Group with prolonged keep choices within the life-style class. For instance, by re-designing eating experiences as Social Hubs as executed by Novotel Dwelling.
Accor is the world’s second largest luxurious lodge operator with prestigious and world-famous manufacturers, reminiscent of Raffles, Fairmont, Sofitel and MGallery, and a various portfolio of prolonged keep, serviced house properties, and branded residences, leveraged to create a really distinctive prolonged keep expertise. Agnès Roquefort, International Chief Improvement Officer – Luxurious & Life-style
With such a large portfolio, Accor can join improvement companions with the fitting model for his or her market and funding goals, and with an increasing number of challenge built-in into mixed-use developments. Accor’s totally built-in hospitality ecosystem allows combining a wide range of components right into a improvement, together with lodge lodging, branded residences, vigorous meals & beverage choices, coworking and wellness. Bringing these components collectively to fulfill market demand contributes to optimizing income alternatives and diversifying funding danger.
Investing in prolonged keep is a strategic transfer to capitalize on a market development that exhibits no indicators of slowing down. Whether or not as a standalone or a combo challenge, or as a part of a mixed-use improvement, prolonged keep is a future-proof funding that guarantees development and resilience. Camil Yazbeck, Chief Improvement Officer – Premium, Midscale & Financial system
Constructing Tomorrow’s Hospitality
Because the prolonged keep sector thrives – and appears set to succeed in new heights – we proceed to bolster our management, constructing on Accor’s modern spirit to reply a rising demand and anticipate the wants of vacationers, homeowners and companions, to bolster our management on this phase, capturing alternatives and shaping the way forward for hospitality.
To seek out out extra about market traits and enduring shifts impacting the hospitality business, in addition to methods to leverage these transformations into alternatives for development and innovation, uncover our award-winning “From Change to Alternative” content material collection: please click on right here.
About Accor, a world-leading hospitality group
Accor is a world main hospitality group providing experiences throughout greater than 110 nations in 5,500 properties, 10,000 meals & beverage venues, wellness services or versatile workspaces. The Group has one of many business’s most various hospitality ecosystems, encompassing greater than 40 lodge manufacturers from luxurious to economic system, in addition to Life-style with Ennismore. Accor is dedicated to taking optimistic motion when it comes to enterprise ethics & integrity, accountable tourism, sustainable improvement, group outreach, and variety & inclusion. Based in 1967, Accor SA is headquartered in France and publicly listed on the Euronext Paris Inventory Trade (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACCYY) in the US. For extra data go to group.accor.com or observe us on Twitter, Fb, LinkedIn, Instagram and TikTok.
