Accor: Signs Of A Tourism Revival

Accor said they were finally starting to see some new bookings exceed cancellations at their 380 Australian hotels


Key points:

  • New bookings exceed cancellations

  • Very optimistic about tourism over the next six to twelve months

  • 70 Accor hotels closed during the pandemic and the group recently cut rent


Accor says they see the first signs of a tourism revival as NSW and Victorian as residents prepare to go on holiday for the first time in months.


Accor said they were finally starting to see some new bookings exceed cancellations at their 380 Australian hotels and they are very optimistic about tourism over the next six to twelve months.


Chief operating officer Simon McGrath said "One of our main booking platforms would usually [pre-pandemic] bring in about $1.6 million in bookings a day. That got back down to $100,000, but this week it went up to $400,000 to $500,000 a day". He also noted that they are seeing high levels of interest in Queensland, in particular Noosa.


Around 70 Accor hotels closed during the pandemic and the group recently cut rent payments to landlords.

Subscribe to Our Weekly Hotels ANZ Newsletter

  • White LinkedIn Icon

© 2019 HotelsANZ