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Completion Of The Share Buyback Programme

Accor announce today the completion of its share buyback programme launched on January 20, 2020 for an amount of EUR300m. At completion, the Group acquired 10,175,309 shares at an average price of EUR29.48. In order to preserve liquidity, further share buyback programmes are suspended until further notice.
Tags: Travel, Accor, Group

Covid 19: Mobilization of Accor Group

Accor has been prioritizing the safety and wellbeing of its customers and employees on a daily basis for more than 50 years. France currently faces a health crisis and the Group has decided to make its services available to front-line medical staff, to all French people engaged and mobilized in the fight against the spread of Covid-19, and to the most vulnerable populations.
Tags: Travel, France, Accor, Group, Accor Group

Completion Of Accor's Share Buyback Programme

Accor announce today the completion of its share buyback programme launched on January 20, 2020 for an amount of EUR300m. At completion, the Group acquired 10,175,309 shares at an average price of EUR29.48. In order to preserve liquidity, further share buyback programmes are suspended until further notice.
Tags: Travel, Accor, Group

U.S. Putting Pressure on Saudis to Hold Off on Output Surge - Bloomberg

U.S. Putting Pressure on Saudis to Hold Off on Output Surge - Bloomberg:The Trump administration is leaning on Saudi Arabia to dial back its plan to flood the oil market after a price war with Russia helped send prices tumbling to their lowest level in almost two decades.While its status as the world’s biggest producer means the U.S. is sheltered in part from the collapse, it’s still calling on the Saudis to exercise restraint, according to a person familiar with the situation who spoke on condi...
Tags: Travel, Saudi Arabia, Russia, Bloomberg, Group, Trump, Riyadh, State, Mohammed bin Salman, Rupert Neil Bumfrey, Michael Pompeo

Scandic Adapting Operations To A Temporary Period Of Significantly Lower Occupancy

Since the coronavirus began to spread, occupancy at the Group's hotels has fallen significantly and was 10 to 15 percent in the previous week. Scandic is now planning for a situation where occupancy continues to remain at this level in the coming months before gradually improving during the second half of the year.
Tags: Travel, Group

AccorInvest becomes a new Orbis’ strategic investor

Last December, AccorInvest announced its intention to acquire up to 100% of Orbis SA shares by way of a public tender offer, which is now finalized and AccorInvest owns 98.6% of Orbis S.A.We are thrilled to integrate Orbis which has a great portfolio of assets, a long-time expertise in real estate and lodging sectors across key markets and great teams to run the business on a daily basis. Thanks to the Orbis integration, AccorInvest portfolio now comprises more than 900 hotels and 135,000...
Tags: Travel, Accor, Group, Eastern Europe, Orbis, Gilles Clavie, AccorInvest, John Ozinga, Orbis SA, AccorInvest Orbis

Radisson Hotel Group Starts 2020 On A High With 17 New Hotels In India

Radisson Hotel Group has celebrated the start of the new decade by announcing the signing of 17 new hotels in India. As the Group enters the third year of "Destination 2022", its global expansion and transformation strategy, these signings will boost the company's portfolio in South Asia to more than 150 hotels and 17,000 rooms, both in operation and under development.
Tags: Travel, India, Group, South Asia, Radisson Hotel Group

Hamilton Hotel Partners And Pyramid Hotel Group Agree Merger

The Boards of Hamilton Hotel Partners ("Hamilton" or "the Firm"), an independent London-based hotel management and investment firm, and Pyramid Hotel Group ("Pyramid" or "the Group"), a privately-owned full-service hotel and resort company based in Boston are delighted to announce today that they have completed a transaction that involves the merger of the two businesses.
Tags: Travel, London, Boston, Group, Hamilton Hotel Partners Hamilton, Pyramid Hotel Group Pyramid

The Mondrian Brand Comes To Europe - Accor Reaffirms Its Leadership On The Continent

Accor has just passed a symbolic milestone with the opening of its 3,000th property in Europe. With a total of 340,000 rooms across 39 countries, Accor is the leading hotel operator in this region. The addition of a 26th brand, Mondrian, testifies to the Group's ambition in the premium and lifestyle segment.
Tags: Travel, Europe, Accor, Group, Mondrian acquires Dil Mil app for South Asian expats as dating apps consolidate

Following the recent news about the Badoo and Bumble and Badoo exit there is more consolidation in the dating app space. It seems many dating apps are running for the exits ahead of the launch of dating on Facebook. The Group – an investment of SDVentures – has acquired Dil Mil, a San Francisco-based dating app for expats from India and other South Asian countries. The acquisition was via a combination of cash and Group stock. According to, the deal values the co...
Tags: Travel, TC, Facebook, Tinder, China, India, New York City, America, San Francisco, Social Media, Ceo, Canada, United States, United Kingdom, Vice President, Bumble

With young prince and PR push, #SaudiArabia ready to take over G20 reins - Reuters

With young prince and PR push, Saudi Arabia ready to take over G20 reins - Reuters:Saudi Arabia is set to take over the G20 presidency for a year as it seeks to bounce back from an uproar over its human rights record and last year’s killing of journalist Jamal Khashoggi.The kingdom’s new foreign minister, a prince with diplomatic experience in the West, landed in Japan’s Nagoya city on Friday to meet with his counterparts from the Group of 20 nations.Prince Faisal bin Farhan Al Saud was appointe...
Tags: Travel, Japan, Saudi Arabia, G20, Iran, West, Yemen, Group, Reuters, Mohammed bin Salman, Nagoya, Rupert Neil Bumfrey, Khashoggi, Jamal Khashoggi, Prince Faisal bin Farhan Al Saud

10 Accor Innovations Transforming Hospitality

We are always thinking up new ways to surprise you, thrill you, and motivate you to explore new horizons with us. We meet the challenge of offering innovative services and experiences with passion. Discover a selection of 10 of the Group's innovations to try out.
Tags: Travel, Group, Accor Innovations Transforming Hospitality

7Pines Kempinski: 12.18. Group and Kempinski Hotels AG Jointly Develop Luxury Lifestyle Concept as Part of Strategic Partnership

Duesseldorf-based 12.18. Group and Kempinski Hotels AG today announced the launch of their luxury lifestyle concept 7Pines Kempinski. The two partners have joined forces to create one of the leading lifestyle hotel products in the luxury segment.
Tags: Travel, Group, Duesseldorf, Kempinski Hotels AG

ENOC targets 124 new service stations in #SaudiArabia | ZAWYA MENA Edition

ENOC targets 124 new service stations in Saudi Arabia | ZAWYA MENA Edition:Enoc Group, a wholly-owned entity of the Government of Dubai, will increase its service station network by more than eight fold by 2030 to reach 124 stations to meet the growing fuel station demand in Saudi Arabia.The new service stations will be strategically spread across different locations across the Kingdom covering east, west and central regions, with the objective of boosting the quality of infrastructure to bring ...
Tags: Travel, Saudi Arabia, Kingdom, Dubai, Group, ENOC, Rupert Neil Bumfrey, ENOC Group, Kingdom covering east west

Radisson Hotel Group Signs Agreement For Three Hotels To Enter Madagascar

Radisson Hotel Group is entering its 32nd African market and second Indian Ocean territory, Madagascar, with the signing of a portfolio deal of three hotels and a total of 254 rooms. The agreement was signed with Groupe Talys. Radisson Hotel Group today, has 89 hotels and 17,000+ rooms in operation and under development in Africa. The Group remains firmly on track to reach 130 hotels and 23,000+ rooms across the continent by 2022. The agreement consists of two hotel conversions and one ho...
Tags: Travel, Africa, Madagascar, Group, Indian Ocean, Radisson Hotel Group, Groupe Talys Radisson Hotel Group

Accor Welcomes 21c Museum Hotels into MGallery Hotel Collection

Accor today announced that the Group has officially welcomed 21c Museum Hotels into the MGallery Hotel Collection, a global network of more than 100 storied boutique hotels located in 26 countries. The announcement marks the arrival of the MGallery brand into North America.
Tags: Travel, Accor, Group

The Fattal Hotel Group Enters Central London Market With The Addition Of Four Hotels

The Fattal Hotel Group has today announced that it has agreed to acquire the long-term lease on four Grange Hotels in London, marking the Group's first entry into the central London market.
Tags: Travel, London, Group, Fattal Hotel Group

Sony Corp may buy a 20-25% stake in ZEEL for Rs 13,000 crore: report

Sony Corp may buy a 20-25% stake in Zee Entertainment Enterprises Ltd (ZEEL) worth Rs 13,000 crore, reports Mint. Sony would want at least 25%, which would give it promoter rights, it added. Zee and Sony declined to comment on the matter to the publication. Group chairman Subhash Chandra is looking... ...
Tags: Travel, Publishing, News, Entertainment, Internet, Sony, Streaming, Group, Broadcasting, Zee, Sony Corp, Subhash Chandra, Zeel, Zee Entertainment Enterprises Ltd

Accor is positioned as global leader in the lifestyle sector

A historic year for the Group with record openings and signings, and strong acceleration in the lifestyle sector, mainly due to the acquisition of 14 new brands that greatly strengthened the Group's portfolio in this segment.
Tags: Travel, Accor, Group

Over 150 french investors attend Louvre Hotels Group annual convention held for the first time in Shanghai

Major actor on the hospitality industry, Louvre Hotels Group welcomed nearly 150 French investors to its annual convention, held for the first time in Shanghai last December. This informative and entertaining event provided a unique opportunity for these businessmen to learn more about the Group's next generation concepts, growth potential and ambitions, as well as Chinese culture.
Tags: Travel, Shanghai, Group, Louvre Hotels Group

The Solidarity AccorHotels endowment fund celebrates its 10th anniversary during Solidarity Week 2018

Ten years of commitment on the groundThe Group created its Accor Corporate Foundation in 2008 to promote the training and professional integration of the most disadvantaged. A dedicated Board of Directors and a Selection Committee were set up to decide on the projects submitted by employees and evaluated by the permanent team. "Solidarity was created to structure the Group's employee-driven sponsorship activities. In 2007, an internal study focusing on initiatives carried out around the w...
Tags: Travel, US, Paris, Christine Lagarde, Group, Solidarity, Selection Committee, Issy les Moulineaux, groundThe Group, Accor Corporate Foundation, Christine de Longevialle, Solidarity AccorHotels Endowment Fund Launched, Solidarity AccorHotels, Kimso, Solidarity Week, Sequana the Group

Oil jumps 2 percent on expectations of production cuts | Reuters

Oil jumps 2 percent on expectations of production cuts | Reuters:Oil prices rose more than 2 percent on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a mandated reduction in Canadian supply. Brent crude oil LCOc1 rose $1.55 or 2.5 percent to a high of $63.24 by 0955 GMT. U.S. light crude CLc1 was $1.25 higher at $54.20.Both benchmarks climbed around 4 percent on Monday after U.S. President Donald Trump and Chinese President Xi Jinping agreed at a meeting of t...
Tags: Travel, Opec, Xi Jinping, Donald Trump, Group, Reuters, Rupert Neil Bumfrey

Oil Hinges on Saudi Dilemma: Bust Budget or Anger Trump? - Bloomberg

Oil Hinges on Saudi Dilemma: Bust Budget or Anger Trump? - Bloomberg:The choice facing Saudi Arabia at next week’s OPEC meeting is dramatic: cut oil production and enrage Donald Trump, or keep pumping and risk ultra-low prices blowing up its economy.For Mohammed bin Salman, the kingdom’s crown prince and day-to-day ruler, the dilemma has been sharpened by the murder of Jamal Khashoggi in the Saudi consulate in Istanbul. Under pressure from angry senators and other Washington power players, he ne...
Tags: Travel, Vladimir Putin, Washington, Saudi Arabia, Russia, Opec, Bloomberg, Yemen, Donald Trump, Group, Istanbul, Buenos Aires, Trump, Mohammed bin Salman, Exxon Mobil Corp, Rupert Neil Bumfrey

Facebook’s election interference problem exponentially worse on eve of midterms, study suggests

An analysis of political advertisers running extensive campaigns on Facebook targeting users in the United States over the past six months has flagged a raft of fresh concerns about its efforts to tackle election interference — suggesting the social network’s self regulation is offering little more than a sham veneer of accountability. Dig down and all sorts of problems and concerns become apparent, according to new research conducted by Jonathan Albright, of the Tow Center for Digital Journa...
Tags: Travel, Facebook, Mark Zuckerberg, Instagram, Facebook Pages, US, United States, Reddit, Groups, Kremlin, Facebook Groups, Group, Pittsburgh, Albright, Soros, Oxford Internet Institute

AccorHotels launches RiiSE and renews its commitment to diversity and inclusiveness

Last night, AccorHotels unveiled the new identity of the Group's international network to promote diversity, which features a double "ii" symbolizing the men and women who are committed to the values of sharing knowledge, of solidarity and of combatting stereotypes.Six years after its creation, the WAAG network is taking a new step by improving the Group's commitment to gender equality with a new goal: diversity, as a key driver of collective performance.Renamed "RiiSE" and open to both m...
Tags: Travel, United Nations, Group, Sebastien Bazin, Waag, Maud Bailly, John Ozinga, AccorInvest Joint Ambassadors

Re-envisioning the Future of Hospitality

Thibault Viort, Chief Disruption and Growth Officer at AccorHotels, details how and why the Group has acquired over a dozen start-ups adjacent to the hotel business since 2016.
Tags: Travel, Group

Chef Yip Gian Ding Wins GOLD at Lee Kum Kee International Young Chef Chinese Culinary Challenge 2018

Chef Yip Gian Ding Wins GOLD at Lee Kum Kee International Young Chef Chinese Culinary Challenge 2018  Lee Kum Kee is a household brand in Malaysia since decades ago. Some of their popular sauces include the oyster sauce and the soy sauce. However, most people didn’t know the history of the brand. Lee Kum Kee was established in 1888 when its founder Mr. Lee Kum Sheung invented oyster sauce. With a glorious history of 130 years, Lee Kum Kee has become a household name of Chinese sauces and condime...
Tags: Travel, Food, Asia, Hong Kong, Japan, Featured, Events, United States, Malaysia, Netherlands, Kuala Lumpur, Bacon, Group, Headline, White, Announcements / Press Releases / Statements

Double Honours for Pan Pacific Hotels Group as “Best Regional Hotel Chain”, As it Poise for Future Growth with its Recent Brand Refresh

Pan Pacific Hotels Group has clinched "Best Regional Hotel Chain" at the annual Travel Weekly Asia's Readers' Choice Awards held on 15th October. This follows the Group's earlier win of "Best Regional Hotel Chain" at the annual TTG Travel Awards held on 20th September.
Tags: Travel, Asia, Group, Pan Pacific Hotels Group

Saudi Al Hokair To Build More Hotels In The Saudi Arabian Kingdom Amid Growing Demand

Al Hokair Group, one of Saudi Arabia's most respected brands within the hospitality industry sector, aims to further expand in 2019 to address the growing demand in the country. With several new themeparks and other entertainment destinations and the growing religious tourism market sector, the company plans to fast track its plans. The Group currently works with several international Hotel chains that include Hilton, Holiday Inn, Radisson, Inter Continental Hotels Group, Accor Internatio...
Tags: Travel, Saudi Arabia, Group, Al Hokair Group, Marriott Hotels Group

AccorHotels: A Record Year of Growth and Development in Africa

Straight from the African Hotel Investment Forum (AHIF) in Nairobi, AccorHotels (, the world's leading travel & lifestyle group, announced a record year of development in Africa. Beginning with the 50% stake in the Mantis Group in April, followed by the announcement in late July of a dedicated Investment Fund with a targeted reach of USD $1 billion devoted towards sustainable development in Sub Sahara Africa, the journey continued with the acquisition of Mövenpick Hote...
Tags: Travel, Africa, South Africa, Morocco, Middle East, Group, Ghana, Lagos, Nairobi, Willis, Middle East Africa, Mövenpick Hotels Resorts, Sub Sahara Africa, Mark Willis, Ikoyi, Mantis Group

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