AccorHotels

AccorHotels' move to take over Orbis has turned attention to Eastern Europe, as the French company looks to build on its dominance on the continent. 

The takeover offer was made as Orbis announced it was bringing the luxury boutique segment to Bulgaria under an AccorHotels brand, as interest in the country continued to build. 

The largest hotel chain in Eastern Europe - the Orbis group, will open their first hotel in Plovdiv. At the moment it runs through franchise sites in Sofia - ibis to the airport and Novotel on Tsarigradsko shosse Boulevard, reports money.bg

French hotel group AccorHotels announced on April 30 that it has signed a deal to buy Switzerland's Mövenpick Hotels and Resorts for 560 million Swiss francs (467 million euros, $567 million).

Greece is suffering as a result of the major deficit in tax and regulatory competitiveness in its hotel sector, according to top officials at two of the biggest foreign groups in the sector with considerable investments in the country.

France's AccorHotels and Turkey's Rixos Hotels signed a strategic partnership deal to expand mainly in the luxury segment, Reuters reported March 6. 

Under a long-term joint venture, both parties said they intended to collaborate, develop and manage Rixos-branded resorts and hotels around the world, according to statements from the companies. 

The United Nations Entity for Gender Equality and the Empowerment of Women, dubbed U.N. Women, has expressed its deepest condolences for Turkey's leading businessman Mustafa Koç, who passed away a day before his scheduled attendance at the initiative's meeting in Davos on Jan. 22. 

The United Nations Entity for Gender Equality and the Empowerment of Women, dubbed U.N. Women, has expressed its deepest condolences for Turkey's leading businessman Mustafa Koç, who passed away a day before his scheduled attendance at the initiative's meeting in Davos on Jan. 22.