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Hotel sector preparing for a shake-up

Finance Markets / Market Trends

Australia

Oct 14 2017

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Carolyn Cummins, The Sydney Morning Herald

The Australian hotel sector is set for a major shake-up following news that Mantra Group has entered into an agreement with the Paris-based Accor in a deal valued at about $1.2 billion.

If successful, AccorHotels' reach across Australia will more than double and will give it greater exposure across all capital cites and county regions. One of Mantra's strongholds is the Gold Coast, Queensland, which will be in high demand when the city hosts the 2018 Commonwealth Games.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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