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5 things to know: 23 April 2019

From the desks of the Hotel News Now editorial staff:

  • Oyo CEO on how he’ll continue exponential growth
  • IHG and Valor ink deal for African growth
  • Early earnings reports lift markets
  • Rate does heavy lifting for US hotels in Q1
  • A new hotel amenity: Ax throwing

Accor starts 2022 €1.2b EBITDA push with strong Q1

Accor is on a four-year mission to boost EBITDA to €1.2 billion, with CEO Sébastien Bazin saying the company expects to post record years in 2019 and 2020 as it gears up to 2022. The first results, Q1 2019, underline the strategy is going according to plan, despite a few RevPAR wobbles in the APAC region.