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CWT has existed in its present form since 1994, the result of a 50%/50% merger of two large travel agencies: the Ask Mr. Foster Travel Agency chain, later called Carlson Travel Network, and the travel agency of Compagnie Internationale des Wagons-Lits (literally sleeping car), founded by Georges Nagelmackers in 1872 in Belgium and later acquired by Accor.
Accor S.A. is a French multinational hospitality company that owns, manages and franchises hotels, resorts and vacation properties. [5] It is the largest hospitality company in Europe, and the sixth largest hospitality company worldwide. [6] Accor operates 5,584 locations in over 110 countries.
Travel + Leisure Co. (formerly Wyndham Destinations, Inc., and Wyndham Worldwide Corporation) is an American timeshare company headquartered in Orlando, Florida. [7] It develops, sells, and manages timeshare properties under several vacation ownership clubs, including Club Wyndham, WorldMark by Wyndham, Margaritaville Vacation Club, and Accor Vacation Club.
In May 2013, Diana Nelson assumed the chairmanship of the board of directors, succeeding her mother, Marilyn Carlson Nelson, who continues to serve as chairman emeritus. Rautio retired in 2015, leading to the company having separate CEOs for the hotel and travel businesses until the hotel business was sold to HNA. [20]
Mövenpick Hotels & Resorts (German pronunciation: [ˈmøːvənpɪk]; English: / ˈ m uː v ə n ˌ p ɪ k /) is a Swiss hotel management company headquartered in Baar, Switzerland.It is fully owned by Accor since the September 2018 acquisition from former shareholders Mövenpick Holding (66.7%) and the Saudi-based Kingdom Group (33.3%).
Accor purchased a 50 percent stake in the Orient Express brand from SNCF in 2017 to launch a chain of Orient Express hotels. [10] In 2019 it was announced that the first Orient Express hotel would open in Bangkok, Thailand at the King Power Mahanakhon skyscraper. [11] It was planned to open in 2020 and would have had 154 rooms. [11]
Travel + Leisure magazine and Zagat Survey rank the hotel chain's properties among the top luxury hotels worldwide. [192] [193] Readers of Conde Nast Traveler magazine have voted Four Seasons Tented Camp Golden Triangle in Chiang Rai, Thailand as among the top ten hotels in the world for three consecutive years. [194]
In 2006, Accor and Motel 6 invested more than $6 million in properties to help rebuild New Orleans and Gulfport following Hurricane Katrina. One of the Motel 6 co-founders, William Becker, died of a heart attack at the age of 85 the next year. [9] The company was sold by Accor to The Blackstone Group in 2012 for $1.9 billion. [10]