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Following the press releases issued on December 17, 2025, and February 19, 2026, Accor and Blackstone announce that they have signed, today, a memorandum of understanding regarding the sale of Accor's 30.56% stake in Essendi (formerly AccorInvest), on the following terms: The disposal of Accor's entire stake to a consortium comprised of Blackstone and Colony IM for a consideration of up to €975 million, including €675 million to be received upon closing of the transaction and an earn-out of up to 300 million euros; The gradual conversion of Essendi's hotel portfolio into franchise contracts, in line with the Group's strategy to simplify and further strengthen the resilience and predictability of its business model. All hotels in the portfolio would remain under Accor brands and the new franchise agreements would have an extended duration of 20 years. Accor confirms that the transaction would be consistent with the recurring EBITDA trajectory presented at the Capital Markets Day on June 27, 2023. The transaction would close in the third quarter of 2026, subject to the finalization of the shareholders' agreement between Blackstone and the other Essendi shareholders and to the usual regulatory and antitrust approvals. If the transaction is completed, Accor would return most of the disposal proceeds to shareholders through an additional €500 million share buyback program. This press release discloses the insider information pursuant to the transaction and enables Accor to immediately launch a first tranche of €225 million of the share buyback program for fiscal year 2026 announced on February 19, 2026.

Geneva, Switzerland – Kempinski Hotels , Europe’s oldest luxury hospitality group, today announces the acquisition of Augustine Hotel, Prague, one of the city’s most historic and prestigious addresses. This wholly owned acquisition marks a significant step in the company’s strategic shift towards an asset-heavier approach to its global portfolio, under the stewardship of Barbara Muckermann, CEO, Kempinski Group . Furthermore, this is the first acquisition for the Group in over 50 years, since the investment in Hotel Vier Jahreszeiten Kempinski Munich in 1970. Located in historic Malá Strana (Lesser Town) beneath Prague Castle, Augustine Hotel, Prague stands within the walls of the Augustinian Monastery of St. Thomas, a historical site dating back more than 800 years and remains a living, working community of Augustinian monks that preserve a daily routine of worship, work, and study. The property occupies a carefully delineated portion of the historic site, creating an extraordinary dialogue between past and present, maintaining age-old scriptures that hold learnings from centuries of contemplative life. The acquisition reflects Kempinski’s broader strategic recalibration towards direct investment and ownership of landmark properties to control the guest experience from beginning to end. Barbara Muckermann said: Kempinski was founded on a simple belief: that hospitality should enable guests to experience the best of The Good Life. Since its origin, Kempinski has defined luxury not as status or formality, but as generosity and joy; curating experiences from the heart of the destination and deriving richness from its culture and communities. As we evolve our business and brand strategy we are bringing this heritage back to life with the modern day traveller in mind. Opportunities to acquire hotels like Augustine Hotel, Prague are exceptionally rare. This investment offered a unique and compelling opportunity to secure a heritage asset in a top-tier European luxury destination while also creating a grand showcase for The Good Life as the future of Kempinski as an ultra luxury brand. Augustine Hotel, Prague features 101 guest rooms including 20 suites, many of which feature original vaulted ceilings and wooden beams, retaining the authentic structure of the monks’ former living quarters; speciality restaurants including two distinct bar concepts including The Refectory Bar, previously the monastery’s former dining hall; a spa and fitness center; The Monastic Library, a library hall housing a collection that spans centuries of theological and scientific thought; over 400 sqm of meeting space; and more than 650 sqm of outdoor terraces and gardens. The property combines meticulously preserved architectural heritage with contemporary five-star standards of service and has long attracted an international clientele, including heads of state, cultural figures and global business leaders. Barbara commented further , "Rather than pursuing uniformity, we believe that Kempinski’s brand strength lies in its collection of highly individual properties, many of which are historic, architectural landmarks and are deeply resonant of the destinations’ culture and community. As a storied hotel that is recognised for its deep history, cultural significance and architectural heritage, Augustine Hotel, Prague is not only an ideal addition to Kempinski’s heritage-led,

WASHINGTON - A new national survey released by the U.S. Travel Association, conducted by Morning Consult, reveals that aviation security—and the treatment of the workforce that protects it—is poised to play a decisive role at the ballot box, with a clear message from voters: they’ll remember in November. 75% of Americans say they are likely to consider a candidate’s record on aviation security when casting their vote in the next election. The sentiment is bipartisan, with virtually no significant differences across Democratic, Republican or Independent respondents. These findings send a powerful signal: voters are paying attention and they’ll remember in November at the polls. How leaders support TSA officers and protect our aviation system isn’t abstract—it’s something voters are factoring directly into their decisions. Geoff Freeman, President and CEO at the U.S. Travel Association The data also highlights broad public support for ensuring stability and pay for essential aviation personnel. More than two-thirds (69%) of American voters support funding TSA officers and air traffic controllers independent of federal budget disputes. These findings show how personal this issue is for Americans. Travelers see firsthand the role TSA officers play in keeping them safe and moving. “When TSA officers miss a paycheck, Americans feel it—in longer lines, increased stress, and uncertainty around travel,” Freeman added. “This is about real people, real experiences and a system millions rely on every day.” With public opinion clear and consistent across party lines, the U.S. Travel Association is urging Congress to pass legislation such as the Aviation Funding Solvency Act (H.R. 6086), the Aviation Funding Stability Act (S. 1045), and the Keep America Flying Act (S. 3031 / H.R. 5851) that would ensure Transportation Security Administration officers and air traffic controllers are paid during any future shutdowns. “The American people have made their expectations clear,” said Freeman. “They want TSA officers and air traffic controllers paid—no matter what. Members of Congress are playing with fire when they hold the air travel system hostage to their intolerable disputes.” About the Survey This poll was conducted between March 27-March 29, 2026 among a sample of 2000 Registered Voters. The interviews were conducted online and the data were weighted to approximate a target sample of Registered Voters based on gender by age, gender by children in household, race by educational attainment, educational attainment, marital status, home ownership, region, 2024 presidential vote, and race. Results from the full survey have a margin of error of plus or minus 2 percentage points.

In a travel landscape where guests value authenticity as much as consistency, BWH Hotels GB continues to demonstrate that global scale and independent character can work in harmony. With 18…

Chedi Hospitality, a leader in luxury lifestyle and design-led hospitality, has announced a strategic partnership with JIH Global Investments LLC to enter the Maldives. The collaboration will see the development of a boutique hotel alongside a limited collection of branded residences, marking a significant step in the brand’s continued expansion into some of the world’s most sought-after destinations. Rooted in Chedi’s philosophy of understated luxury and cultural authenticity, the project will offer a distinctive interpretation of island living, thoughtfully designed to balance privacy, architecture and a deep sense of place. Conceived as both a sanctuary and a statement, the development will bring together refined hospitality experiences with residential living, catering to travellers and homeowners seeking meaningful, design-led escapes. This partnership represents a meaningful step in our global growth journey, as we bring the Chedi brand to one of the world’s most exceptional destinations. Together with JIH Global Investments, we are creating a project that reflects our commitment to thoughtful design, cultural authenticity and a more considered approach to luxury living. The Maldives offers a natural canvas for our philosophy, where simplicity, space and connection to the environment define the experience. Stephan Schupbach, President & Group CEO of Chedi Hospitality We are proud to partner with Chedi Hospitality on this landmark development in the Maldives. With over four decades of experience in delivering complex, high-value projects across global markets, our approach has always been rooted in long-term vision and executional excellence. This collaboration brings together our deep expertise in luxury hospitality and real estate with Chedi’s distinctive brand ethos, creating a destination that will set a new benchmark for boutique hospitality and branded living in the region. Mohamed Ali Janah, Group Chairman of JIH Global Investments LLC

McLean, VA – The Hospitality Sales and Marketing Association International (HSMAI) Foundation is now accepting applications for the 2026 Mike Dimond Student Career Success Scholarship , an initiative designed to support and accelerate the development of hospitality students pursuing careers in commercial strategy. Named in honor of Mike Dimond, one of the most respected hotel marketing executives in the United States, the scholarship reflects his enduring legacy of leadership, mentorship, and innovation in hospitality. Dimond held senior leadership roles throughout his career, including Senior Vice President of Sales and Marketing at The Broadmoor in Colorado Springs, and was recognized as a member of the HSMAI Hall of Fame and one of “The 25 Most Extraordinary Minds in Hospitality & Travel.” Mike Dimond was deeply committed to developing talent and elevating the hospitality industry. This scholarship carries that legacy forward by investing in students who demonstrate both passion and potential in commercial disciplines—strengthening the workforce of tomorrow and helping ensure a more dynamic, innovative, and resilient hospitality industry. Brian Hicks, CEO and President of HSMAI In 2026, three outstanding hospitality students will be selected to receive the Mike Dimond Student Career Success Scholarship. Each recipient will receive a comprehensive package designed to support both academic and professional growth, including: A $2,000 scholarship to support academic development Complimentary registration to an HSMAI conference A mentorship with an industry leader Applicants must: Applicants must be enrolled in in a degree-seeking hospitality program Complete application form, including resume, and a written statement Applications will be reviewed by members of the HSMAI Foundation Board, who will evaluate candidates based on: Proven interest in a career in hospitality sales, marketing, revenue management, or distribution Industry work experience Submission materials Preference will be given to HSMAI Student Members Applications will be accepted through April 30, 2026. Eligible students are encouraged to apply and take advantage of this opportunity to gain financial support, industry exposure, and mentorship. For more information on the Mike Dimond Student Career Success Scholarship and to apply, visit Mike Dimond Student Career Success Scholarship 2026 .

For most hotels, three KPIs sit at the centre of every performance conversation: occupancy , RevPAR , and ADR (average daily rate) . While occupancy shows how full you are and RevPAR shows revenue per available room, ADR reveals how much you actually earn from every room you sell. This article offers a fast primer on ADR and is designed to sit alongside the full blog “Hotel ADR: The Complete ‘Average Daily Rate’ Guide” , which dives deeper into examples, edge cases, and advanced strategies. What is ADR? ADR (average daily rate) measures the average room revenue per occupied room, per night . It includes all paid rooms and rate types: BAR, corporate, promotional, and discounted group business. ADR formula ADR = (Total room revenue for the night) ÷ (Number of rooms sold) Important: Exclude out-of-order rooms, complimentary rooms, and staff rooms from “rooms sold.” Do not divide by total rooms available; that’s RevPAR’s job. Tracking ADR by day of week, month, and season gives you a clear view of your realistic pricing power and how it changes over time. For a step‑by‑step walkthrough and more worked examples, see the full Hotel ADR guide . Why ADR changes Even with a stable product, ADR naturally fluctuates. Key drivers include: Demand patterns: weekends vs. weekdays, business vs. leisure Peak, shoulder, and low seasons: how your market behaves between high and off‑peak periods Special events and blackout dates: citywides, festivals, major conferences Group and corporate mix: heavy discount group blocks will pull ADR down Weather and disruptions: storms, flight cancellations, or regional issues Your goal isn’t to keep ADR flat; it’s to understand why it moves and build pricing and restriction strategies that capture as much revenue as possible each time demand shifts. For more on managing demand swings, pair this piece with our guides to increasing hotel occupancy and shoulder season strategy . Setting realistic ADR goals ADR goals shouldn’t live in isolation. Start by looking year over year (YoY) and ask: How did ADR trend across peak, shoulder, and low seasons ? Where did high occupancy + low ADR suggest you underpriced strong demand? Where did low occupancy + relatively high ADR suggest rates were too aggressive? Did you see specific days of week or LOS patterns that consistently over‑ or under‑perform? From there, set segment‑specific goals: Weekday vs. weekend ADR targets Separate goals for transient, corporate, and group Different targets for high‑demand periods (events, holidays, citywides) vs. soft periods For a broader revenue context, see our article on 10 ways to increase hotel revenue . ADR and your comp set You don’t set ADR in a vacuum. Guests are constantly comparing you to your competitive set (comp set) —the hotels they view as viable substitutes in your area. If your ADR sits far above similar properties without a clear value story, you’ll struggle to win share, even if your product is strong. If you consistently sit well below, you may be leaving margin on the table. To keep ADR

Istanbul - Safemark — a global leader in hotel in-room safes, hospitality security solutions, and trusted supplier to top international hotel brands — is expanding its footprint in the Turkish hotel market with a new distribution partnership with Infomet. As an authorized distributor, Infomet will now offer the full range of Safemark’s electronic hotel safes, improving access to premium in-room security solutions for hotels, resorts, and accommodation providers across Turkey. Infomet’s catalog will feature Safemark’s latest electronic safes, engineered specifically for hospitality environments. The lineup includes models designed to fit 15″ and 17″ laptops, offering flexible installation options such as pedestal, shelf, wall, drawer, and in-closet mounts. Each safe is built with robust construction to withstand the demands of high-turnover guest rooms. They also incorporate advanced security and usability features — including multi-event audit trails, secure override systems, reprogrammable lock technology, and tamper-resistant steel locking mechanisms — all essential for hoteliers striving to meet modern guest-safety and operational standards. Turkey continues to be a fast-growing hospitality market, and partnering with a knowledgeable, service-oriented distributor like Infomet allows us to support hotels with reliable in-room security. Hoteliers want solutions that reduce risk, perform consistently, and improve guest confidence. Our collaboration with Infomet makes that easier than ever. Pamela Vargas, EMEA Business Development Manager for Safemark With this partnership, Turkish hoteliers will benefit from improved local product availability, installation guidance, and after-sales support, ensuring consistent access to certified in-room security products that meet global standards for safety and reliability. For more information about Safemark and infoMET, please visit www.safemark.com .