
Recent months have been marked by a series of mergers and acquisitions, as battles for market dominance foretell a brand new phase in shaping the hierarchy between hotel groups at the top of the pyramid. The race for size has already begun, it accelerated rapidly with deals that may be measured in billions of dollars. While Chinese and American groups are leading in the dealings, European groups are making every effort to avoid being outpaced.
Recent years stood out for the exponential rise in power of Chinese hotel groups that progressively climbed to the top of the global ranking through internal growth and local purchases. While the movement continues, it also includes a manifest will to move outside China’s borders to take over a few...
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