SUBSCRIBERS

AccorHotels buys luxury home rentals company

Published Wed, Apr 6, 2016 · 09:50 PM
Share this article.

Paris

ACCORHOTELS, Europe's largest hotel group, said on Tuesday it bought British high-end serviced home rental company onefinestay as it fights the rising challenge of online home-sharing company Airbnb and booking websites like Expedia.

The world's fifth-largest hotel group, undergoing a reorganisation initiated by chief executive Sebastien Bazin, said it paid 148 million euros (S$228 milion) for onefinestay and pledged to invest …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here