Accor, a leading global hospitality company, has announced the appointment of two new Global Brand Presidents, Benoit Racle and Jean-Yves Minet, for its Premium and Midscale & Economy brands, respectively. These strategic appointments are expected to drive innovation and growth within Accor’s diverse brand portfolio, leveraging their extensive experience in hospitality and brand management.
Goldman Sachs strategists have recently identified two potential shifts in the risk landscape: the expansion of global growth and the reduction of inflation fears. While global growth has expanded and boosted equity markets and cyclical assets, inflation remains strong in the US, putting upward pressure on interest rates and restraining the strength of the US dollar. The strategists acknowledge the complexity of the current risk environment and expect inflation relief to be delayed but not eliminated, anticipating a gradual return to a more constructive equity backdrop over time. However, they remain cautious about engaging in rate markets due to strong nominal growth and the potential for further sticky inflation news to impact market confidence.
