U.S.-China Trade War Hurts Accor But It Won’t Deter Asia Expansion
Photo Credit: Accor owns the Raffles Hotel in Singapore. Skift / Ferry Octavian
Skift Take
The hotel group remains confident the international conflict will pass, as it commits resources to expanding in Asia.
The ongoing U.S. and China trade war continues to wreak havoc on the global hospitality industry.
One week after Hilton announced tensions between the nations dampened overall revenue per available room (RevPAR) growth, the Paris-based hotelier Accor conceded the conflict weighed down company earnings in China and the greater Asia-Pacific region in the first half of 2019.
RevPAR in China fell 1.3 percent, deputy CEO Jean-Jacques Morin told analysts on Accor’s earnings call Wednesday. Meanwhile, RevPAR for Asia-Pacific declined 0.2 percent. Negative results
