The Australian Competition & Consumer Commission (ACCC) has announced it will not oppose the planned purchase of Mantra Group by AccorHotels, citing sufficient competition from other hotel groups in the local market.
“The combined Accor-Mantra will still compete with other international and national hotel chains, as well as many independent hotels and accommodation providers,” ACCC chairman Rod Sims said in an announcement this morning.
“The combined Accor-Mantra will have a large number of properties in some areas, particularly in certain holiday destinations in Queensland. However, in each case and after a detailed review the ACCC has found that there are also sufficient other options nearby for visitors which will provide competition to Accor-Mantra,”
The decision paves the way for more than 125 Mantra properties in the Asia Pacific region to become part of Accor’s international stable.
Last year, the Asia Pacific head of Hotels and Hospitality at law firm Withers, Robert Williams, analysed the complexities surrounding the largest hotel industry acquisition in Australian history.