Buffets First in Line as Hotel Groups Tell UN They’ll Halve Food Waste
A group of 11 hotels and travel companies have pledged to halve food waste in support of a UN campaign.
Accor’s $1.1 Billion Sale of Hotel Stake to Blackstone-Led Group Clears Way for Ennismore IPO
Accor loses ownership stake in these hotels but keeps its name on the buildings and continues to collect fees. This is the shift toward an asset-light, franchise-heavy model CEO Sébastien Bazin has long sought.
Accor’s 525-Page Filing Reveals Ennismore Is Driving Growth
Ennismore is the engine behind Accor’s best-performing division. The open question is whether the high margins and fast growth can continue after a potential IPO.