Airbnb Inc. $ABNB, a prominent player in the rental housing market, recently published a weaker forecast for the second quarter, a move that has raised significant concerns among investors and analysts alike. Similar issues have been noted by competitor Booking Holdings Inc. $BKNG, both companies citing economic uncertainty as the primary factor influencing the decline in travel demand across the United States.

As global trade tensions re-emerge under the renewed tariff policies of former U.S. President Donald Trump, French hospitality group Accor $ACCYY is turning inward to insulate its operations. The company’s regional leadership, particularly across the Middle East, Africa, and Asia-Pacific, has confirmed that localized supply chains are key to mitigating the escalating costs and disruptions brought on by the deepening trade conflict.