ENXTPA:ACHospitality
Accor (ENXTPA:AC) Expands In Egypt, Is The Valuation Gap Compelling?
Accor expansion in Egypt puts growth plans in focus
Accor (ENXTPA:AC) is in the spotlight after outlining plans to add around 25,000 hotel rooms in Egypt over the next three years and explore a specialised hospitality academy.
Management discussed these expansion plans with Egyptian Prime Minister Mostafa Madbouly, alongside government support for a broader set of Accor brands and refurbishment of existing luxury properties with local investor partnerships.
These Egypt plans arrive as Accor’s...