Accor Stock Price, News & Analysis

Raffles Doha and Fairmont Doha have opened to FIFA World Cup Qatar 2022 guests, marking the entry of Raffles and Fairmont brands in Qatar. Located in Katara Towers, the dual-branded properties offer exceptional service and seven dining options, including Michelin-starred venues. Raffles Doha features 132 luxury suites with personalized butler service, while Fairmont Doha boasts 270 rooms with exclusive lifestyle experiences. Reservations for guest rooms will be available after the World Cup. Accor, the parent company, operates a vast hospitality network worldwide.

Fairmont Mayakoba in Riviera Maya, Mexico, has completed two new restaurant concepts, La Laguna and Bassano, as part of a multi-million dollar renovation. La Laguna offers a mix of traditional and contemporary Mexican cuisine, featuring an open kitchen and an outdoor terrace. Bassano, an Italian eatery, focuses on simple ingredients and includes a pizza bar. The renovation aims to enhance guest experiences with additional dining options expected this winter.

Mario Anzoategui has been appointed as the new Director of Engineering & Capital Projects at Fairmont Mayakoba. He brings over 20 years of experience from the hotel industry, having previously worked with ultra-luxury brands and developed several eco-friendly initiatives. Anzoategui aims to enhance maintenance operations and is set to launch a new beach club.

His extensive background includes positions at notable resorts, where he successfully managed various engineering projects. His leadership is expected to drive sustainability and innovation at the property.

Accor's loyalty program, ALL – Accor Live Limitless, launched a new digital campaign titled It's ALL Possible. Starring Priyanka Chopra Jonas, the campaign aims to inspire travelers to envision their vacations as cinematic adventures. The promotion runs until September 7, 2022, offering discounts of up to 30% and additional perks for program members. The campaign features a microsite with exclusive content and vacation ideas. A new feature allows guests to book a cinematographer to document their experiences, enhancing the travel experience.

Accor announces plans to open over 300 new hotels and resorts globally in 2022, targeting diverse markets such as London, Doha, and Moscow. Notable openings include Raffles London and Novotel Liverpool Paddington Village. The company enhances its presence in North America with the first Raffles in Boston, and secures accommodations for the 2022 World Cup in Qatar, managing over 60,000 rooms. The announcement reflects Accor's robust growth strategy, emphasizing lifestyle segments through its partnership with Ennismore.

Robert-Jan Woltering, General Manager of Fairmont Mayakoba and Regional VP of Accor Luxury Brands for Mexico and Central America, has received the International GM Award for Best Hospitality Leader in Mexico for 2021. Among over 500 nominees, he is one of 50 winners recognized for his extensive hospitality experience and commitment to excellence. Since joining Accor in 1995, Woltering has held various notable positions across prestigious hotels. His leadership at Fairmont Mayakoba has contributed to the resort's prestigious accolades and exceptional service standards.

Accor announces the launch of Taste of SLS Baha Mar on November 5, featuring world-renowned chefs and a performance by John Legend. This culinary event showcases SLS properties with culinary and mixology experiences at the luxury resort in The Bahamas. Tickets range from $399 for Silver tickets to $10,000 for Corporate Cabanas. This event supports Accor's expansion strategies with a new joint venture with Ennismore, enhancing its lifestyle offerings. The event aligns with Baha Mar’s reputation for elevated cuisine.

Accor has entered a strategic agreement with developer Harris Bay to manage the upcoming Artista San Antonio, a lifestyle hotel set to open in July 2023. Operating under Accor's Morgans Originals brand, the hotel will feature 112 rooms and focus on the cultural diversity of San Antonio, enhancing the hospitality experience near the Riverwalk. The hotel aims to provide culinary and mixology excellence, alongside unique artistic collaborations, enhancing its position in the booming lifestyle hotel market.

Accor announces the opening of SLS Scottsdale in June 2023, a luxury property with 235 hotel rooms, including 30 suites, and over 222,100 square feet of hotel, dining, and event space. This new venture is a collaboration with Dakota Development and DESCO Arizona. SLS Scottsdale will offer unique culinary and entertainment experiences, enhancing Accor's expansion efforts in the hospitality sector, which includes a planned joint venture with Ennismore to create a leading lifestyle operator. The brand aims to establish additional SLS locations across North America and beyond.