Search Site

Trends banner

Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

French hotel industry on its knees: Accor CEO

Tourism market remains deeply below pre-pandemic levels. AFP
  • Sebastien Bazin, head of the world's sixth-largest hotel group, said on French radio station RMC that Accor currently lacks at least 2,000 employees in France
  • The hospitality industry in numerous countries has complained of difficulty rehiring staff and some employers are trying to lure workers with higher wages

The French hotel industry is on its knees, the head of the hotel group Accor said Friday, as it cannot afford to raise wages and is having trouble recruiting enough staff to handle the recovery as tourists return.

Sebastien Bazin, head of the world’s sixth-largest hotel group, said on French radio station RMC that Accor currently lacks at least 2,000 employees in France as the tourism market there begins to recover and foreign visitors trickle back, but still remains deeply below pre-pandemic levels.

He said many employees had not returned “because they thought about things during the lockdown, because they moved, changed professions, were no longer willing to accept the sacrifice of the working hours.”

The hospitality industry in numerous countries has complained of difficulty rehiring staff and some employers are trying to lure workers with higher wages.

But Bazin said that was only part of the problem.

“If I have to pay more, will that be sufficient? No. Am I capable of doing that? No. That’s the problem.”

Bazin urged the government to lower social charges on new hires to help the sector return to full activity.

“The entire hotel industry is on its knees,” he said and needs to be able to welcome returning tourists to survive.

Bazin also said the industry has to look how it can change to make its jobs more attractive, particularly in terms of inconvenient working hours, noting that it has trouble recruiting despite full training programmes. 

Accor groups luxury brands like Raffles and Sofitel, to premium Pullman and budget Ibis and F1 hotels. It employs 260,000 people in 110 countries at 5,200 hotels.