AccorHotel CEO: Don't See Anything Good Out of Brexit

The transcript discusses the impact of currency fluctuations on the UK market, highlighting a decrease in outbound tourism and an increase in inbound tourism due to a weaker pound. It explores business strategies in the FX market, emphasizing natural hedging through local costs and revenues. The conversation shifts to hotel revenue trends, noting a stagnation in the UK and growth in Central Europe. Finally, it addresses the unpredictability of economic forecasts, particularly regarding interest rates and market predictions.

What has been the effect of the lower pound on tourism in London?

• Increased inbound tourism to London

• Decreased inbound tourism to London

• No change in tourism patterns

• Increased outbound tourism from the UK

How does the speaker's business handle currency fluctuations?

• By focusing only on local markets

• By ignoring currency impacts

• By naturally diversifying across currencies

• By actively hedging currencies

What is the current trend in the UK hotel market according to the speaker?

• Rapid growth

• Stagnation

• Unpredictable changes

• Decline

Which region in Europe is experiencing economic growth?

• Southern Europe

• Western Europe

• Central Europe

• Northern Europe

What lesson does the speaker suggest we learn from recent economic predictions?

• Interest rates will always remain low

• Expect the unexpected

• The British economy is predictable

• Always trust economic forecasts