AccorHotels to acquire Gekko

03 October 2017 by
AccorHotels to acquire Gekko

AccorHotels has signed an agreement to acquire business travel hotel reservation company Gekko.

Gekko offers search and reservations across more than 500,000 budget and luxury hotels worldwide, and allows business travellers to manage and track their online payments.

Operating in France, Belgium, Spain and Portugal, it has more than 300 corporate customers and 14,000 travel agencies through its subsidiaries: HCorpo, Teldar Travel, Teldar Travel Biz, Miles Attack and Infinite Hotel.

Thibault Viort, chief disruption and growth officer for AccorHotels, said: "AccorHotels' extensive global footprint, together with Gekko's technological leadership, today paves the way for the creation of a global leader in B2B hotel distribution."

Founded in 2010, Gekko is managed by Olivier Delouis and Stéphane de Laforcade, who will continue to run the group independently. The transaction values Gekko at €100m (£88.5m) and will add to AccorHotels' financial performance from 2018.

De Laforcade and Delouis said: "We are fully aligned on our B2B distribution strategy, and AccorHotels' strong brand and reputation will provide us with additional resources and greater legitimacy in key international markets."

The transaction is subject to approval of competition authorities and has been approved by AccorHotels' employee representative bodies.

AccorHotels to consolidate Travel Keys, Squarebreak and Onefinestay >>

AccorHotels acquires VeryChic distribution platform >>

AccorHotels in talks to acquire the FCDE's stake in Groupe Noctis >>

AccorHotels and Rixos Hotels to sign joint venture management agreement >>

Videos from The Caterer archives

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking