Originally Posted by
hotel_user
My point about the asset lite is that during therese sad and worrying times, in my view, the franchise have to make their own choices as to what to do, before they will run out of cash. This may lead some of them to either simply liquidate if heaverley mortgaged, or even change flag when the time comes ( I know that there is natural churn on both of these - but the situation may make it worse ). If Accor owned the properties the situation would be different. However that would have meant a much slower opening of hotels in the past. All I do know is that there should be some clear and present leadership shown.If you are a shareholder, it is unlikely that you will have seen much ( if any ) share price rise under the present team at HO.
The link I gave to the main ( non booking site ) has lots of documents to read - as you are not flying or staying in hotels.
Stay Safe.
being asset light, Accor has the least to lose especially compared to the building owners who still have to share whatever % they receive (if they're even open) with Accor.
what would be interesting now is to see how many of these international chains are willing to "prop up" or assist the properties which fly their flag or will be cut loose and wait for the industry to restart to fish for new properties.