Accor and InterGlobe shelve Treebo partnership and investment plan
Accor, InterGlobe Hotels and Treebo have withdrawn plans for a strategic partnership, equity investment and hotel master licence arrangement. Accor says its India growth strategy with InterGlobe remains intact, targeting 300 properties by 2030 from 75 operating hotels.
Accor, InterGlobe Hotels and Treebo have withdrawn their proposed strategic partnership, joint Treebo investment and hotel master licence plans. Accor retains 75 Indian hotels and says its India expansion strategy with InterGlobe remains intact; Treebo will pursue independent growth.
Why this matters
No related recent Accor signals are listed. The withdrawal narrows the immediate India plan to Accor's continuing InterGlobe strategy, which targets 300 properties by 2030 from 75 operating hotels.
Retail-company signals are accelerating, up 229917% QoQ.
Also reported by
- The Hindu BusinessLine — Same time