INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

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.