Strategic Meetings Summit London, 26 September,
September 29 2022, Kimpton Fitzroy London
Friday 30 September 2022, JW Marriott Grosvenor
‘No real synergies in separate businesses'
Accor directors have agreed a move to split the company's two major businesses, hotels and pre-paid services.
The Paris-based company said that reviews of its current structure showed that they two could step up growth if separated.
The review showed that there were no real synergies between the two different operations and separated would be more attractive to investors.
Gilles Pélisson, Accor's chairman, said: "The demerger would create a new, solid, sustainable growth dynamic for both businesses, each of which is a global leader in its respective business.
"It would also serve as a growth driver for both Hotels and Prepaid Services, offering employees the opportunity to take part in two new entrepreneurial adventures, both of which have bright futures ahead of them."
Accor's hotel brands include Sofitel, Ibis, Novotel, Mercure and Formule 1.