Accor has announced its plans to further expand into the U.S. The recent Treasure Island Las Vegas agreement is a good example of this, despite currency swings dragging down profits in the first half.
CEO Sébastien Bazin said the Paris-based hotel company would target U.S. cities where the company can leverage European demand, especially through the lifestyle and luxury brands of its Ennismore joint venture.
Bazin stated during the earnings call on Thursday that “we’re going deeper in the U.S.” “You’ll be seeing more of these transactions, probably in some cities targeted where we can add European demand.”
Treasure Island was Accor’s largest U.S. deal in recent years. The 2,885-room Las Vegas resort is now part of its Handwritten Collection.
