Travel news:

AccorHotels continues growth in luxury market

The prestigious Raffles, Fairmont and Swissotel brands are now officially part of AccorHotels Group.

The acquisition of FRHI Hotels & Resorts, which was mooted early in 2016, boosts AccorHotels standing as a leading player in the global luxury accommodation market.

Newcomers to the management portfolio include the iconic Savoy in London; Raffles Singapore; Fairmont San Francisco; The Plaza New York City; Fairmont Le Chateau Frontenac in Quebec; and Le Royal Monceau Raffles Paris.

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Raffles Singapore

AccorHotels said the move “increased long term growth potential and profitability” and “significantly expanded” the company’s footprint in North America, the world’s biggest and most influential consumer market.

Chairman and Chief Executive Officer, Sebastien Bazin, said the move lifted the AccorHotels international presence to unprecedented heights.

“We remain committed to providing guests with unparalleled service, while also keeping the ambition to deliver exceptional return on investment for our shareholders and hotel owners.

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“By leveraging the operational synergies between FRHI and AccorHotels, we are well-positioned to accelerate the growth of our luxury brands and offer guests even more exciting hotel choices and destinations to explore.”

Between them, Fairmont, Raffles and Swissôtel’s has 154 hotels and resorts (of which 40 are under development) across 34 countries and five continents.

They employ more than 45,000 people.

About Ian Roberts (255 Articles)
Ian Roberts is a veteran Australian journalist, PR man and writer/reviewer on accommodation and travel. Over many decades, Ian has travelled widely reporting and recording his experiences. His newsy columns - including Memorable Destination - have gained a big following among people seeking suggestions and objective information about accommodation, travel and destinations world-wide. Along with wife, Sue and her camera, Ian has taken up a particular challenge to help budget conscious seniors 50 and upward with travel and accommodation ideas - including suggestions for holding family reunions. Readers in Ian's home city of Newcastle Australia may also be aware of his travel and accommodation column in a local newspaper.

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