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AccorHotels to acquire John Paul

John Paul, a global leader in the concierge market, is set to be acquired by AccorHotels. The company's entreprise value should be close to 150 million dollars.

AccorHotels pursues its objectives in order to further diversify its portfolio. After acquiring shares in Squarebreak and Oasis Collection earlier this year, and following the takeover of Fastbooking in 2015 and Wipolo in 2014, AccorHotels confirms its interest in purchasing digital startups. The operator is now set to acquire John Paul, a world leader in the concierge market. AccorHotels announced it had begun exclusive negotiations to acquire about 80% of the society. David Amsellem will keep the remaining stake and will remain as CEO.

Sebastien Bazin, CEO of AccorHotels said: Through this partnership with the world leader in the growing concierge market, AccorHotels positions itself as the best provider of multi-nature services to guests, supporting the whole customer journey, from non-hotel offers to 24/07 assistance through an integrated and innovative solution, like a “Travel Companion”.

David Amsellem, CEO of John Paul precised: “Over the past few years, John Paul has made a huge growth across industries. Now that we are the worldwide leader in premium loyalty solutions, we feel that we are at a tipping point in our venture and we need the empowerment of a strong leader to support the current traction. Entering the travel industry supported by AccorHotels means much more to the 1,000 people of the John Paul Group: we feel that combining our strengths will create a game changer in the industry”.

AccorHotels sets several priorities for 2016: complete the transformation plan for HotelInvest; successfully continue to implement all of the digital plan programs; and speed up the development of the marketplace; consolidate the group's development pipeline; capitalize on improvement drivers; continue to revamp the management culture of the group.

John Paul was founded in 2007 in Paris and merged with LesConcierges in 2015, employing close to a thousand people across all five continents. As of January 2016, AccorHotels ranked as the 6th hotel group worldwide in terms of number of rooms, according to data published by Hospitality ON. Its global portfolio comprised 3,995 hotels totaling 554,508 rooms worldwide.

Also read:

  • AccorHotels opens its distribution plateform to independant hotels
  • New identity for Accor
  • Accor reports record results for 2014
  • Accor unvails its Digital Strategy

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