AccorHotels Will Buy Another Vacation Rental Provider

Column: industry Tag: AccorHotels Published: 2017-02-09 12:23 Source: Author:

AccorHotels plans to acquire Travel Keys, an Atlanta-based company that brokers rentals of private vacation homes. Accor expects the transaction to close during the second quarter. Travel Keys, founded in 1991, lists 5,000 properties across 100 markets in North America, Europe, Africa, Asia and the Caribbean. Combined with Onefinestay and Squarebreak, Travel Keys will give Accor 8,500 properties in the luxury private rental market in both vacation and urban locales. The transaction doubles down on Accor's efforts to carve out a competitive presence in the vacation/short-term rentals space.