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Accor: Q1 RevPAR Up, ‘Good Traction’ on Corp. Travel

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Accor Group’s first-quarter systemwide revenue per available room increased nearly 8 percent year over year, officials said, helped by “good traction” on business travel demand.

“We’re seeing good traction on business bookings,” Accor CFO Martine Gerow said during Thursday conference call. “Business bookings are actually up in the low teens, in the quarter on a bookings value.”

Gerow also said corporate meetings volume picked up during the quarter, perhaps moreso than did large meetings.

“We’re also seeing an increase in group meetings,” she said. “It’s more smaller groups than larger groups. It’s obviously very different by region because it depends on what kind of events you have, but overall we’re seeing a nice pickup in small meetings.”

Accor’s systemwide first-quarter RevPAR increased 7.6 percent year over year to €66, while occupancy increased 1.2 percentage points to 60.9 percent and average daily rate increased 5.5 percent to €109. Without delving into specifics, Gerow said the company had noticed “softening” in the United States.

Accor maintained its forecast of a compound annualized RevPAR increase of 3 percent to 4 percent through 2027.

RELATED: Accor Q4 performance



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City break costs down in 60% of popular destinations, survey shows

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Amsterdam most expensive and Vilnius cheapest, according to Post Office Travel Money



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Survey: Road Warriors Lead Corp. Travel Growth Expectations

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After a significant increase in trips last year, corporate road warriors—as well as business travelers as a whole—largely are maintaining or increasing their volume of business travel this year, according to a study conducted by Internova Analytics and Consulting.

The 2024 Internova Index: North American Business Traveler Insights is a new segment of its annual research on North American travel, according to the travel services company, which includes Altour. The research is based on analysis of millions of travel bookings in the U.S. and Canada as well as a survey of about 3,000 travelers, and Internova segmented business travel data by executives, road warriors and occasional business travelers.

Among corporate travelers in the survey and research, 30 percent said they expect to travel more this year than last year, and 85 percent said they will travel at least same amount, according to Internova. Road warriors were slightly more likely to say they were traveling more this year than executives and occasional business travelers, and they also were the least likely to say they would travel less this year. Occasional business travelers, meanwhile, were the most likely to say they will travel less this year, according to the survey.

Road warriors had the largest growth in number of trips last year compared with 2022, according to the survey, up 26 percent, according to Internova. Executives’ average number of trips last year was up 9 percent year over year, with international trips up 30 percent and domestic trips flat. For occasional travelers, however, average trips were down 10 percent year over year in 2023, the survey showed.



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Mastering budget travel in Malaysia: Insider tips for affordable exploration

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This guide unveils essential tips to help you make the most of your budget while immersing yourself in Malaysia’s vibrant culture and breathtaking landscapes.

Embarking on a budget-friendly adventure to Malaysia doesn’t require sacrificing the richness of your experience. With strategic planning and insider insights, you can unlock a treasure trove of affordable accommodations, savor delectable local cuisines without breaking the bank, and navigate the country’s transportation networks economically. This guide unveils essential tips to help you make the most of your budget while immersing yourself in Malaysia’s vibrant culture and breathtaking landscapes.

Embracing nature’s beauty:
For travelers seeking tranquility and natural wonders, Malaysia’s lush landscapes offer an array of budget-friendly outdoor adventures. Embark on jungle treks in Taman Negara, one of the world’s oldest rainforests, where towering trees, exotic wildlife, and cascading waterfalls create a mesmerizing backdrop. Discover the serene beauty of Cameron Highlands, known for its tea plantations, cool climate, and scenic hiking trails offering panoramic views of rolling hills and verdant valleys.

Alternatively, unwind on the pristine beaches of Langkawi or Perhentian Islands, where crystal-clear waters and swaying palm trees invite relaxation and rejuvenation without breaking the bank. Whether hiking, birdwatching, or simply basking in nature’s splendor, Malaysia’s natural landscapes beckon budget-conscious travelers to connect with the great outdoors. Incorporate smart forex trading strategies to optimize your budget while exploring Malaysia, leveraging currency fluctuations to enhance your travel experience without overspending.

Affordable accommodation options:

  • Hostels and guesthouses: Dive into Malaysia’s hospitality scene by opting for budget-friendly hostels or guesthouses. These accommodations offer a cozy retreat with shared facilities or private rooms, perfect for budget-conscious travelers seeking comfort without excess costs.
  • Budget hotels: Explore a plethora of budget hotels scattered across Malaysia’s cities and tourist hubs. These hotels provide essential amenities and a comfortable stay at affordable rates, allowing you to allocate more resources to experiences rather than accommodation.
  • Short-term rentals: Embrace the convenience and affordability of short-term rentals through platforms like Airbnb and Booking.com. From cozy apartments to charming homestays, these options cater to various budgets and preferences, ideal for extended stays or group travelers.

Inexpensive local dining experiences:

  • Street food galore: Indulge in Malaysia’s culinary delights at vibrant street food markets such as Kuala Lumpur’s Jalan Alor or Penang’s Gurney Drive Hawker Centre. Sample an array of mouthwatering dishes like nasi lemak, char kway teow, and satay, all at wallet-friendly prices.
  • Hawker centers: Immerse yourself in the bustling atmosphere of hawker centers, where you can feast on authentic Malaysian cuisine without breaking your budget. These food havens offer a diverse range of dishes, from fragrant curries to savory noodle soups, satisfying every palate and budget.
  • Local eateries: Venture off the tourist path and discover hidden gems in local eateries and cafes frequented by Malaysians. Here, you’ll encounter traditional flavors and hearty meals at affordable prices, providing an authentic culinary experience without the hefty price tags.

Budget-friendly transportation tips

  • Efficient public transport: Navigate Malaysia’s cities seamlessly with its efficient public transportation systems, including buses, trains, and monorails. Invest in multi-day passes or prepaid cards for discounted fares, making exploration both convenient and economical.
  • Ridesharing efficiency: Leverage ridesharing services like Grab for hassle-free urban travel. Compare fares, utilize promotional offers, and opt for shared rides to save on transportation costs while enjoying the convenience of door-to-door service.
  • Walking and cycling: Embrace eco-friendly and budget-conscious travel by exploring walkable areas or renting bicycles. Many cities in Malaysia offer designated pedestrian zones and cycling paths, allowing you to soak in the sights and sounds while staying active and frugal.

Exploring cultural gems
Beyond its natural beauty and modern attractions, Malaysia boasts a rich tapestry of cultural gems waiting to be discovered. Delve into the country’s heritage by visiting historical sites such as Malacca’s UNESCO-listed city center, where Dutch, Portuguese, and British influences converge in colonial architecture and vibrant markets. Explore the ornate temples of Kuala Lumpur’s Chinatown, immerse yourself in the traditions of indigenous tribes in Sarawak’s longhouses, or witness the spiritual serenity of Penang’s Kek Lok Si Temple, one of the largest Buddhist temples in Southeast Asia. These cultural experiences offer a deeper understanding of Malaysia’s diverse identity and provide unforgettable memories for budget-conscious travelers seeking enriching encounters.

By integrating these savvy tips into your Malaysian adventure, you’ll unlock a world of affordable exploration without compromising on the essence of your journey. Immerse yourself in Malaysia’s vibrant tapestry of culture, flavors, and landscapes while mastering the art of budget travel. Bon voyage!





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