Accor SA, the French operator of Fairmont, Banyan Tree and Sofitel hotels, said it’s keeping its 57 Russian locations open while suspending future developments in the country following the invasion of Ukraine.
The company, which has 3,500 employees in Russia, said it halted all services to hotels whose owners are under U.S. or European sanctions, as well as work on five hotels in development in Russia. It has also paused loyalty programs with Russian partners. Accor doesn’t own any of its hotels in Russia, and it’s the decision of local hotel owners whether a property should be closed.
