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Accor's $567 Million Mövenpick Deal and 6 Other Hospitality Trends This Week

Sarah Enelow

Photo Credit: AccorHotels has confirmed an all-cash deal to buy Mövenpick Hotels & Resorts for $567 million (€482 million) in a move to further expand its luxury portfolio. Movenpick Hotels & Resorts

Skift Take

This week in hospitality, Accor continued its upmarket growth by acquiring Movenpick, unlocking some doors in the Middle East, Africa, and Asia-Pacific.

Throughout the week we post dozens of original stories, connecting the dots across the travel industry, and every weekend we sum it all up. This weekend roundup examines hospitality. For all of our weekend roundups, go here. >>Where there is smoke there is fire and Sebastien Bazin's comments at Skift Forum Europe last week hinted at an imminent deal: Accor Pushes Further Into Luxur

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