Accor Is Posting Double-Digit RevPAR in the Middle East. The Supply Pipeline Should Scare You.
Accor's Q4 numbers across the Middle East look phenomenal on paper, with double-digit RevPAR gains driven almost entirely by rate. But there are 710 hotel projects and 176,000 rooms in the construction pipeline, and what goes up on pricing alone has a very specific way of coming back down.