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The world’s biggest hotel group? Shares in Accor and IHG rise on merger speculation – MarketWatch
Prolonged travel restrictions could put more than 197 million jobs in the global Travel & Tourism sector under threat
Shares in Frances Accor and U.K. rival InterContinental Hotels Group rose on Friday, after reports the two companies had explored a merger that would create the worlds biggest hotel group with a combined value of $17 billion.French newspaper Le Figaro said Accor
AC,
+4.18%
had not made a formal approach to IHG
IHG,
+6.20%
which owns brands including Holiday Inn, Crowne Plaza, and Regent Hotels.Accor, the worlds fifth-largest hotel chain by rooms, owns a portfolio of brands, including…
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