Accor CEO on Reopening Raffles Hotel in Singapore, Business Strategy in Europe, Hong Kong

The video discusses the reopening of Raffles Hotel amidst global uncertainties like the US-China trade war and Brexit. Sebastien Bazin, CEO of Ecore Hotel, shares insights on the hotel industry's resilience, highlighting growth in regions like Asia Pacific and Europe despite challenges in Hong Kong and China. The discussion covers the impact of geopolitical events on business, the importance of long-term strategies, and the effects of Brexit on the UK market. Bazin emphasizes the industry's potential for growth and the need for strategic adaptation in a complex global environment.

What is the main reason for the resilience of the hotel industry despite global uncertainties?

• Lack of competition in the industry

• Consistent demand for luxury hotels

• Varying environments in different regions

• Stable economic conditions worldwide

How do geopolitical tensions affect hotel occupancy rates?

• They have no impact on hotel occupancy

• They cause a decrease in average daily room occupancy

• They lead to an increase in room prices

• They result in more hotel openings

Which region is experiencing growth despite the slowdown in Asia?

• North America

• Eastern Europe

• South Asia

• Australia

What percentage of the hotel business is accounted for by Europe?

• 90%

• 70%

• 50%

• 30%

What is the impact of Brexit on the hotel industry in the UK?

• Decrease in domestic tourism

• No significant impact

• Increase in international visitors due to a weaker pound

• Closure of several hotels

Which two countries are crucial for the hotel industry's stability in Europe?

• Portugal and Greece

• Spain and Italy

• Netherlands and Belgium

• Germany and France

What is a significant risk for the hotel industry in Europe?

• Over-reliance on technology

• High inflation rates

• Economic slowdown in Germany

• Lack of skilled labor