AccorHotels Wants to Accelerate Its Buying Spree in 2018
Photo Credit: The Mercure London Bridge hotel in the United Kingdom. AccorHotels
Skift Take
AccorHotels' acquisitions over the last couple of years aren't money makers yet but that's not to say they never will be. CEO Sébastien Bazin is still intent on playing a very different game than the other big hotel companies.
AccorHotels isn’t planning on slowing down its aggressive acquisition strategy anytime soon.
The hotel company, which has broadened out into other areas within travel over the last couple of years, expects to continue its seemingly relentless dealmaking in 2018.
“We have the means to grasp our acquisition opportunities in the hotel business but elsewhere too. So we expect to increase the number of acquisitions we will be making over the year,” said Jean-Jacques Morin, Accor’s chief financial officer at a presentation with analysts after the company’s 2017 results.
Since the start of 2016
