Global tourism is set to fully recover from the pandemic in 2024 as international tourist arrivals will likely be 2% more numerous than in 2019, the United Nations' World Tourism Organisation said in January. Accor's revenue per available room (RevPAR), one of the industry's main performance gauges, rose 7.6% to 66 euros in the quarter. The increase was more pronounced in midscale, upscale and economy hotels in the Middle East, Africa and Asia-Pacific regions, where it grew by 12% on the back of bookings in Saudi Arabia during Ramadan and the recovery of tourism in Singapore and Thailand.
Q1 2024 Travel + Leisure Co Earnings Call
International hospitality group Accor has announced the opening of its largest Mercure-branded hotel in the world, the 989-key Mercure Icon Singapore City Centre (Photo: Accor)International hospitality group Accor has announced the opening of its largest Mercure-branded hotel in the world, the 989-key Mercure Icon Singapore City Centre. Room rates start from $195.The property is located at 8 Club Street, at the corner of Club Street and Cross Street. Local hotel operator Worldwide Hotels bought