Gary Rosen, CEO of Accor Greater China, said the company remains optimistic about the country's economic trajectory and the potential it holds for its business operations.
Rosen hailed China's stepped-up efforts to further prop up the economy and boost demand, particularly in the travel and tourism sector, which he believes remains resilient despite several headwinds and external uncertainties.
Rosen reiterated that China remains a growth engine for Accor, particularly in terms of the number of hotels and rooms in its portfolio. In the second quarter, Accor's hotel room revenue of its Premium, Midscale, and Economy divisions in China accounted for 19 percent of revenue in Accor's Middle East, Africa, and Asia Pacific.
