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Consolidation of upscale and luxury brands continues

2 min reading time

Published on 30/04/18 - Updated on 09/03/22

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Consolidation of upscale and luxury brands continues

On Friday, MKG, the research and consulting firm, published an analysis of the significant impact of the acquisition of Mövenpick Hotels & Resorts by AccorHotels. A gain of 20,000 rooms for the operator, which would prolong the movement already underway to increase the strength of the French hotel champion in the upscale & luxury segment. The world's top 12 upscale groups saw their customer base grow by 41% over the last three years.

Over the past three years, the hotel industry has seen numerous mergers and acquisitions that have led to major changes in the sector's landscape and in the global hierarchy of players. More specifically at the top end of the market, major movements took place in 2015/2016, with the acquisition of...

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