Earlier today Reuters reported that shares in French hotels giant Accor had risen in early trading by 1.9% after the Le Figaro newspaper ran a report that saying Accor was eying a merger with IHG.
Le Figaro’s report stated that the Accor board was in favour of such a deal but CEO Sebastien Bazin was more cautious and no contact had been made with InterContinental Hotels.
The potential merger would see two of the world’s biggest hotel groups, IHG with circa 5,700 properties and Accor with circa 4,800 come together to emerge as number one in the world.
Both groups already know how to leverage the scope and scale of global business, the big question that will press the start button perhaps is, does increasing the scope and scale under one brand deliver better returns for shareholders.
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Accor eyes IHG merger – 20 August 2020 – Accor eyes IHG merger
Earlier today Reuters reported that shares in French hotels giant Accor had risen in early trading by 1.9% after the Le Figaro newspaper ran a report that saying Accor was eying a merger with IHG.
Le Figaro’s report stated that the Accor board was in favour of such a deal but CEO Sebastien Bazin was more cautious and no contact had been made with InterContinental Hotels.
The potential merger would see two of the world’s biggest hotel groups, IHG with circa 5,700 properties and Accor with circa 4,800 come together to emerge as number one in the world.
Both groups already know how to leverage the scope and scale of global business, the big question that will press the start button perhaps is, does increasing the scope and scale under one brand deliver better returns for shareholders.
