AccorHotels: signs agreement for acquisition of Gekko.
(CercleFinance.com) - Accor has announced signing an agreement for the acquisition of Gekko, a major player in hotel booking on the business customers segment.
The transaction, which values Gekko at 100 million euros, will be accretive for Accor as soon as 2018.
This deal will enable the group to develop services for business travellers, who represent the largest customer segment for the group.
Gekko offers research and booking solutions through an interface connected to over 500,000 hotels worldwide.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The transaction, which values Gekko at 100 million euros, will be accretive for Accor as soon as 2018.
This deal will enable the group to develop services for business travellers, who represent the largest customer segment for the group.
Gekko offers research and booking solutions through an interface connected to over 500,000 hotels worldwide.
Copyright (c) 2017 CercleFinance.com. All rights reserved.