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The significant and rapid changes of Accor

Profile Photo By: Carsten Hennig
March 6, 2017

The significant and rapid changes of Accor

Paris, 06 March 2017 –
Monitoring the impressive business results of Accor, it becomes clear that Europe’s leading hotel company has undergone major changes. (+4,9% Bit, +8,1% net profit). The company continued to grow within the interesting luxury travel segment.

Due to the takeover of Fairmont Raffles (FRHI) and in close cooperation with Banyan Tree, Accor considerably expanded the company’s market share in the luxury hotel sector. By taking over (finest home stays) and by investing in Squarebreak (49%) and the Oasis Collections (28%), the company gained market share in renting out luxury apartments instead of hotel … Read More

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