Accor CEO: Opening Hotels in Mykonos Too Risky due to Climate Change

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When a major hotel group like Accor decides not to build in Mykonos because of climate risks, it's a sign that climate change is reshaping business decisions.
Accor’s chief executive said on Thursday that the group scrapped plans to open two hotels on the Greek island of Mykonos because of water shortages and the risks from fire hazards .
During the company’s earning’s call, CEO Sébastien Bazin said that the rising climate risks forced Accor to cancel th