Katara Hospitality has introduced a brand new partnership with Accor, a world-leading hospitality group, for an thrilling new evolution of the long-lasting Delano model, Maison Delano. The property is deliberate to open in 2022. Maison Delano Paris will likely be positioned within the coronary heart of the celebrated eighth arrondissement in an 18th century mansion […]
Accor has offered an extra a 1.5 per cent stake in Huazhu Group of China for €239 million because it continues to battle the fallout from the Covid-19 pandemic. The French firm stated the transaction would reap the advantages of the preliminary funding, whereas additionally simplifying its stability sheet. After this transaction, Accor will personal […]
Accor has seen group income fall to €329 million within the third quarter of 2020, down by 69 per cent on a reported and 64 per cent on a like-for-like foundation. The decline was attributed to the continued restrictions in journey created by the Covid-19 pandemic. RevPAR on the resort large fell by 63 per […]
As a part of the not too long ago introduced organisational reset of Accor, Duncan O’Rourke has been promoted to chief government for the prolonged northern Europe division. The brand new area is a merger of the earlier northern, central, east and new east Europe groups. In his capability, he might be chargeable for 29 […]
Rumours of a merger between Accor and InterContinental Accommodations Group might foreshadow a wave of acquisitions within the hospitality trade. The 2 giants have reportedly mentioned a deal internally, although no official strikes have been made. Ralph Hollister, tourism analyst at GlobalData, defined: “Though this deal appears to be simply hypothesis, the enormity of this […]
Rumours of a possible merger between lodging giants Accor and InterContinental Accommodations Group proceed to flow into this weekend. In France, Le Figaro stories the Covid-19 pandemic has created house for each firms to contemplate the deal, although the Financial Times within the UK considers any transfer much less possible. The tie-up has, nevertheless, been […]