Neumann: Carlson Rezidor on the right path

Wiesbaden. International hotel chains suffered from big changes in currency exchange rates. In 2014, Accor, Hilton, IHG and Rezidor grew their revenues on a currency neutral basis, but Rezidor – for several reasons – suffered under decreasing results. Hyatt announced 4th quarter results only.

Munich. Sébastien Bazin acted resolutely at the Expo Real hotel conference: not for one second did Accor's CEO leave the audience in the dark about the new "asset heavy" strategy of Europe's largest hotel chain and that it left little leeway. Next to him was Wolfgang M. Neumann, CEO of The Rezidor Group. His group remains true to its "asset light" approach, for which he presented good arguments – both self-confidently and differentiating. Two CEOs embodying the ongoing contradictory debate across the industry. The audience was curious and eager.