Fusion & Acquisition

🏢 Arabian Travel Market (ATM) partners with the International Congress and Convention Association (ICCA) for ATM 2025, aiming to expand the business events sector. ATM 2025 will feature IBTM @ ATM, a dedicated business events showcase. As the official partner, ICCA will conduct sessions on global business event trends, including sustainability, digital transformation, and AI integration. Additionally, ICCA will facilitate international association buyers' participation, showcasing the region's offerings to event organizers. The partnership underscores ATM's commitment to driving tourism through substantial business events, with the industry projected to reach $1.5 trillion this year.

🏥 On October 16, the Club des Directeurs de la Restauration et d’Exploitation (CDRE) Île-de-France hosted a gathering at the H4 Wyndham Paris Pleyel Resort's 40th-floor panoramic bar with Lars Hallier and Maxime Bonvoisin. About 50 attendees, including hospitality schools like UTEC Emerainville, Ferrandi Paris and Bordeaux, EPMT, and Alexandre Dumas, joined partners and journalists. Béatrice Gravier, Director of Equip’Hotel, will welcome CDRE members on November 4.

💸 The Hôtels Cafés Restaurants (HCR) sector fully utilized its 2024 training budget for 35,500 trainees. Post 16/10/2024, AKTO stopped funding in-house training for HCR, and from 21/10/2024, transversal and AFEST trainings were removed from HCR's Espace Formation. HCR companies now exclusively access the "Actions collectives métiers en INTER entreprises" via the Espace Formation. Updates for 2025 will be announced in January 2025, meanwhile, AKTO advises frequently checking their funding rules page.

🏨 Covivio, a real estate investor since 2005, is transitioning to also being a hotel operator. By 2024, Covivio will enhance its hotel management platform, WiZiU, operating 24 hotels in France and Belgium. WiZiU's launch follows Covivio's increase in capital of its subsidiary, Covivio Hotels, and the planned restructuring of assets with AccorInvest at the end of November. Hotel assets now represent 20% of Covivio's portfolio (up from 15% at the end of 2020), with 38% owned outright (an increase from 62% managed under lease agreements).

🏈 FC Nantes prioritizes 13,000 subscribers and recent Beaujoire spectators for ticket sales against Olympique de Marseille, offering a pack for two home games including OM and Le Havre. Individual purchases can reach up to 20 tickets. The match, scheduled for November 3, is expected to be sold out due to high demand. The club's strategy aims to generate significant revenue, ensure a majority of Nantes supporters in the stadium, and stimulate demand for other matches. Dynamic pricing will adjust ticket prices based on anticipated and actual demand. Early ticket prices are announced at €19 against Nice and a two-match pack is offered at €52 until October 13. FC Nantes adopts dynamic pricing and category/seat quotas to optimize ticket sales and stadium atmosphere.

💰 Uber, led by CEO Dara Khosrowshahi (2005-2017 head of Expedia), is considering the acquisition of Expedia, as reported by the Financial Times. Khosrowshahi has close ties with Barry Diller, Expedia's main shareholder. The potential acquisition by Uber, a company known for aggressive expansion, could smoothly integrate with Expedia due to the existing relationship between Khosrowshahi and current Expedia CEO Ariane Gorin, who worked together from 2013 to 2017.

🍳 Bertrand Franchise and DNA Paradis Group have entered into a strategic partnership, initiating master franchise agreements for Le Paradis du Fruit and Hanoï Cà Phê. Founded in 1982 by Claude Louzon, Le Paradis du Fruit has grown to 27 restaurants, mainly in the Paris region, while Hanoï Cà Phê, a Vietnamese eatery, operates 5 locations (4 in Ile-de-France and 1 in Lyon). Together, they achieved €85M in sales in 2023.

🏛 Under the leadership of Laurent Kleitman, named General Manager one year ago, Mandarin Oriental reveals a strategy to double its portfolio over the next decade, focusing on expansion in major capitals, the Middle East, Japan, and North America. The luxury hotel group aims to maintain unparalleled quality and service, embodying sustainable luxury principles with continual innovation in customer experience. The strategy, 'Fans of the Exceptional, Every Day, Everywhere,' sets their direction for the coming years.

🌍 FairMoove acquired eco-tourism accommodation specialist We Go GreenR and restaurant environmental impact reducer FiG. These additions in 2023 bolster FairMoove's service division for sustainable tourism practices. Betterfly Tourism, which joined FairMoove in 2023 and has been advising on environmental sustainability since 2011, will manage the new startups. FairMoove, founded in 2021, aims to drive collective action towards positive tourism impact.

🏨 Dayuse, a daytime hotel experience provider, has announced MBO+ as its new majority shareholder. Historical investors, Eurazeo and Partech, along with the first shareholders, have exited the firm. Dayuse, under the guidance of founder and CEO David Lebée, plans to accelerate growth and expand internationally, particularly in Asia and Europe. They intend to execute external growth operations and continue technological optimization without disclosing the investment amount.