Accor’s Paris-based hotel chain reported a strong first-quarter result despite broader economic worries related to the U.S. recent trade policies.
Martine Gerow said, “We don’t see cracks in the demand”, on a Thursday earnings call. “We’re feeling good about the April and May trends.”
Gerow said that while March’s performance was softer than January and Febraury, this was due to the calendar shifts. Easter this year moved from February to April, creating a temporary headwind.
CFO: Bookings for April have recovered and are now “in positive territory”, particularly in popular French locations like Paris and Provence.
Gerow noted that Accor’s visibility is “limited beyond May” due to the fact that most of its reservations are nonrefundable. Bookings for hotels are more frequent than those of flights or trains.
U.S. Tourism Outlook
Accor Group CEO Sébastien Bazin said on April 1 that the company had seen a 25% d
