Business news from Ukraine

ACCOR, HILTON, HYATT STOP INVESTING IN RUSSIA

Accor, operator of the Novotel and Ibis brands; Hilton; and Hyatt will not be opening any new hotels in Russia, and they are suspending all partnerships with Russian companies, though they will continue to operate existing hotels, the hotel chains said in their respective statements.
“The French owner of the Novotel and Ibis hotel chains said that it has suspended all planned openings and developments in Russia and any partnerships with Russian companies, though it will continue to operate its more than 50 hotels in the country in order to support its 3,500 Russian employees,” the Financial Times wrote.
Accor was the first international hotel chain to announce a halt, followed by Hilton, operator of the LXR Hotels & Resorts, Waldorf Astoria, Hilton brands and others, and Hyatt. Neither Marriott nor IHG has issued a statement regarding the matter.
“We have now taken the decision to suspend our development activities and any new investment in Russia, and the decision is effective immediately,” the Hyatt hotel chain posted on its official news site.
Hyatt also notes that it will continue to monitor the situation in Russia, while complying with the directives of the U.S. government, as it hopes for a resolution to the crisis.
The Hilton hotel chain said late on Wednesday that it had closed its corporate office in Moscow and would suspend construction of hotels in Russia. The company said in a statement that it would also continue to monitor the situation in Russia.
Accor CEO Sebastien Bazin had previously canceled a meeting scheduled for this week with Russian President Vladimir Putin. Accor’s plans for 2022 had included the opening of five new hotels in Russia. Overall, there are 50 hotels open in the country, with 21 of them operating in Moscow.
The online booking services of Airbnb and Booking.com have also ceased operations in Russia.
The Radisson hotel chain has stated that it would remain in Russia. “All Radisson Hotel Group hotels in Russia will continue to operate. We are closely monitoring the situation in the region, we care about the well-being of all guests and team members, and continue to adhere to all instructions,” the company said in a statement.

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ACCOR WILL OPEN THREE NEW HOTELS IN UKRAINE

Accor Live Limitless will open three new hotels in Ukraine in 2022-2023: Ibis & Adagio Kyiv, Ibis Lviv and Novotel Lviv, Alexis Delaroff, the director general of Accor New East Europe, has told Interfax-Ukraine.
“For Accor Ukraine is an important market, and we strive to develop it further. Accor is already the largest international operator in Ukraine, and if we take into account the projects at the stage of signing or design, we are strengthening our positions,” he said.
According to him, the pandemic has made adjustments to the plans for the implementation of Ibis & Adagio Kyiv, the opening of this combo hotel is likely to occur next year.
“The project is now moving forward dynamically,” the expert said.
Two more projects are at a high stage of implementation in Lviv. According to him, Ibis Lviv will open in 2022, Novotel Lviv in 2023.
“Odesa, Dnipro, and other cities are also interesting to us. We are constantly looking for new projects and partners,” he said.
Accor S.A. Is the largest international hotel operator. The company was founded in 1967. It is headquartered in the Paris suburb Evry.
Accor Group unites more than 5,100 hotels in 110 countries of the world.

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