AccorHotels looks to online, luxury to boost earnings

AccorHotels looks to online, luxury to boost earnings
 

AccorHotels expects investment in its online business and its expansion in the luxury hotel sector to lift earnings and allow it to triple revenue in the coming years, CEO Sebastien Bazin said on Wednesday.
AccorHotels, which competes with InterContinental, Marriott and Starwood, is undergoing a reorganisation initiated by Bazin, who took over in August 2013.
Bazin told reporters ahead of an "Investor Day" that AccorHotels expected to triple its business volume within 3-4 years from a current 12 billion euros (10.61 billion pounds) thanks to digital investments.
Bazin's first move... read more

 
5 October 2016 in Business, Views: 36
Source: Reuters
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