Accor's Bazin Is Excited About Europe, Pacific Markets

The video discusses Ackles property business, highlighting a 15% stake acquisition and its valuation. Sebastien Bazin, CEO, shares insights on global business performance, emphasizing strong growth in Europe, Asia Pacific, and other regions. The tourism industry is described as thriving, with demand outpacing supply. The sale of Hotel Invest is explored, noting its complexity due to diverse investors and legal entities. The company aims to adopt an asset-light strategy, similar to peers, by reducing real estate holdings while maintaining significant ownership to hedge against inflation.

How does the company view the current state of the tourism industry?

What is the company's strategy regarding asset management in comparison to its peers?