Last fortnight has seen the CEOs of two global hotel giants 'removed gracefully' from their respective positions. The news of Accor and Four Seasons has been received with significant surprise, particularly the latter as they were a 27 year company veteran, hand selected by the founder of the company.
The impact of such a change to Accor would not be so significant to consumers, however the same cannot be said of Four Seasons. Being one of only three global hotel groups at that level, as a single entity within their group, they have always been seen as a consistent and 'pure' brand. The current news circulating, seems to indicate an executive head hunt is on the cards for a non industry 'outsider'. Sign of things to come? Perhaps. Days of old school hotel companies may very well be numbered.