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Eat Or Be Eaten – ACCOR Makes Mantra Takeover Bid

Category: Hotels, Posted:09 Oct 2017 | 08:57 am

Consolidation in the hospitality world is continuing unabated with the latest news being ACCOR’s AUD$1.2 billion play on Australia’s Mantra Group.

Mantra has 125 properties with over 20,000 rooms with the core offering being focused down under.

Brands include the Mantra namesake, Breakfree and the upscale Peppers.

The deal is going to due diligence and subject to board approval, and regulatory measures but pending any hiccups it looks set to prosper.

Asia Pacific’s chain profile of hotel operator’s looks to narrow further and one has to wonder where will it all end?

 

 

 

 

 

Other News

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Thailand’s Sandbox Is Not A Quarantine

Category: Tourism, Posted:12 Jun 2021 | 10:45 am As we are 19 days away from Thailand’s Sandbox tourism reopening in Phuket, there continues to be a misunderstanding of the overall rules and the term quarantine is incorrectly used. Quarantine by definition is isolation, whereby Sandbox travelers will be able to move throughout their hotel, visit beaches, restaurants, shops etc. Remember Phuket is about […]
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C9 Hotelworks Releases New Krabi Report

Category: Hotels, Posted:07 Jun 2021 | 06:00 am Comparing major Southern Thai resort destinations, Krabi is one that historically balances well between the international and domestic markets. In the new Krabi Hotel Market Update from C9 Hotelworks, we take a look back at pre-Covid trading to examine from what point hoteliers hope tourism will upcycle towards recovery and what will the trends be. […]
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SHA Plus Program In Focus

Category: Hotels, Posted:06 Jun 2021 | 13:17 pm A key part of the upcoming Phuket Sandbox reopening process is the requirement for incoming international travelers to stay in an SHA Plus hotel for 14 days, or shorter if only visiting the island. Those who want to travel onward to other destinations in Thailand can proceed after a 14-day period. As travelers are scrambling […]