Accor accelerates its digital strategy by taking over Fastbooking

Its two main markets are Europe and Asia.

Fastbooking will continue to deliver innovative solutions designed to improve the performance and visibility of its clients, while operating independently within Accor.

The confidentiality of data relating to the company's client hotels will be fully preserved.

At the same time, the expertise of the teams will broaden the range of services that Accor can offer to its hotels.

"The take-over of Fastbooking will help speed up the implementation of our digital strategy," said Sébastien Bazin, Chairman and Chief Executive Officer of Accor.

"Following the acquisition of Wipolo last October, this new transaction enables us to further expand our capabilities and strengthen our digital expertise for the benefit of our hotels.

While maintaining its independence, Fastbooking will now enjoy the support of a global leader capable of providing the resources it needs to make the most of its enormous potential, so that it can continue to innovate for an even larger client base."

"Accor's investment is the beginning of a new phase in our development," said Fastbooking Chairman and Chief Executive Officer Jean-Gérard Galvez.

"It is also a sign of recognition for the incredible work done by our teams, who have spent the past few months redesigning our solutions to make them even more innovative and efficient."