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Move over Airbnb – here comes new Accor grouping!

July 27, 2017 Headline News No Comments Email Email

It’s a bit like Airbnb, but more luxurious and with added extras. Travellers will soon be able to choose from over 10,000 curated homes, villas and apartments worldwide, complete with the advantage of professional hospitality and concierge service.

AccorHotels announced yesterday the grouping of Travel Keys, Squarebreak and onefinestay with the intention to integrate the three companies under the onefinestay brand before the end of the year.

The development signifies the completion of a deal with the founders of Squarebreak for the acquisition of the company’s entire share AccorHotels has owned 49% of this French company, a leader in villa rentals, since February 2016. The transaction will take effect in coming weeks, a statement said yesterday.

AccorHotels acquired Travel Keys earlier this year and onefinestay in 2016.

The integration of the three hospitality innovators means onefinestay guests will be able to experience over 10,000 of the world’s finest homes combined with worldwide professional hospitality and concierge services, a statement said.

onefinestay will span the world’s most desirable destinations in six continents – from metropolitan centres such as New York, LA, Rome and San Francisco to exotic island getaways in St Barts, and Bali, to Mediterranean escapes in France, Italy and Greece.

Javier Cedillo-Espin has been appointed onefinestay’s chief executive. He will take charge of the portfolio and head the grouping of the three brands with a team of executives from onefinestay, Travel Keys and Squarebreak.

Cedillo-Espin commented: “With this new step in consolidating our leadership position, onefinestay now has a sound platform combining brand excellence, a vast and complementary offer and distribution efficiency.

“We are hugely excited about the global development potential for our network. Our guests are always asking for more places where they can enjoy our professional hospitality and concierge experience and the integration of these 3 innovative brands is the answer.”

Edited by Peter Needham

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