Bob East
Asia
Accor becomes Australia’s second biggest employer after USD 1.2 billion acquisition of Mantra Group
Recent weeks have seen a flurry of deals and acquisitions from the French multinational and industry juggernaut Accor. May alone saw the USD 105 million purchase of Chilean hotel group, Atton Hoteles; April concluded with the sensational buy-up of Mövenpick Hotels & Resorts -- for a cool USD 567 million, on top of successful deals for a 50% interest in Mantis Group and the full acquisition of table reservation platform, ResDiary.
Australia
Australia’s Mantra Group agrees artistic acquisition
Mantra Group, the Australian hotel company, has entered into an agreement to acquire the Art Series Hotel Group. The deal
Join The Community
- Beyond boardrooms and broadcasts: key takeaways from the Singapore MICE Forum 2025
- TAT’s Chiravadee Khunsub presents Thailand’s tourism agenda for 2026
- In Their Words: WTM London 2025
- Red Sea Global Unveils AMAALA: A Groundbreaking Coastal Lifestyle and Wellness Destination on the Red Sea
- Princess Cruises Reveals Epic 2027-28 Australia Season: Three Ships, 80 Departures, Endless Adventure
Join The Community