A LoyaltyLobby reader sent me an email with pictures of the Platinum members package that he had just received from Le Club AccorHotels after requalifying for the Platinum status through December 2019 and it came with a gift! Late last year, Le Club AccorHotels sent out a Moleskine notebook (read more here) for those that […]
We've seen quite a few acquisitions the past few years in the travel space, and we've also seen some strategic investments. However, typically we see airlines investing in airlines, and hotels investing in hotels. This situation is different. Reuters is reporting that AccorHotels is considering buying a minority stake in Air France-KLM. AccorHotels has confirmed their interest in a statement, saying that they may buy some or all of the French state's 14.3% stake in Air France-KLM. This could come in the form of the French government selling some or all of their shares in the company, or even potentially swapping their Air France-KLM shares for some shares in AccorHotels. Air France-KLM shares are up about 6% following the news, while AccorHotels shares are down about 7%, which I think is pretty reflective of the general sentiment regarding a deal like this.
French newspaper Le Figaro was reporting yesterday (access here) that Accor was in talks to acquire Swiss hotel brand Mövenpick Hotels. Mövenpick manages more than 83 hotels and 20,000 rooms in Africa, Asia, Middle East, Europe and Asia. You can access Mövenpick’s website here. Here’s Mövenpick’s map: Conclusion Not sure how this acquisition spree will […]