LinkedIn X Facebook Email Gift Decision Intelligence Photo Credit: In Mont Ventoux in Provence, southern France, Château de Mazan is a hotel that belongs to Accor's network. Accor
Accor is guiding to a flat fourth quarter globally, partly out of caution after France's recent riots and uncertainty about wars in the Middle East.
Accor is bracing for a bumpy end to the year because of uncertainty in two of its key markets.
The Paris-based group has built "some prudence in France given the events" into its full-year outlook, Martine Gerow, group chief financial officer, said on a Thursday earnings call, referring to the French riots. Gerow is also cautious about a potentially steeper decline in the Middle East amid the U.S.-Iran war and the Saudi-Houthi war.
France is Accor's largest market at 23% of global room revenue, with the Paris region accounting for about 12%. The Middle East accounts for about 11%, with the United Arab Emirates at roughly 4% and Saudi Arabia at about 5%.
Accor's implied guidance for the fourth quarter looked cautious to some analysts. The company said Thursday it no
Subscribe now for complete access to Skift.com’s trusted coverage of the travel industry.
Enter your email for a complimentary article + exclusive offers.
Early Check-In helps you keep up with the latest hotel and hospitality news.
By submitting this form, you agree to receive email communication from Skift.
See more essential travel news in your search results.
Tags: accor , earnings , france , middle east , paris , saudi , saudi arabia