AccorHotels buys luxury home rentals company
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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 a further 64 million euros to help the company grow worldwide.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
