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{{Short description|Swiss hotel management company}}
{{Short description|Swiss hotel management company}}
{{Infobox company
{{Infobox company
| name = Mövenpick Hotels & Resorts
| name = Mövenpick Hotels & Resorts
| logo = Mövenpick_Hotels_&_Resorts_logo.svg
| logo = Mövenpick_Hotels_&_Resorts_logo.svg
| logo_size = 250px
| logo_size = 250px
| type = [[Subsidiary]]
| type = [[Subsidiary]]
| founder = [[Ueli Prager]]
| founder = [[Ueli Prager]]
| num_locations = 118 hotels, 8 cruisers (2024)
| num_locations = 83 hotels
| area_served = [[Europe]], [[Africa]], [[Middle East]] and [[Asia]]
| area_served = [[Europe]], [[Africa]], [[Middle East]] and [[Asia]]
| industry = [[Hospitality]], [[Tourism]]
| industry = [[Hospitality]], [[Tourism]]
| products = Business/Leisure Hotels, Resorts, Branded Residential, Extended Stay
| products = Business/Leisure Hotels, Resorts
| num_employees = >16,000
| num_employees = >16,000
| homepage = {{official URL}}
| homepage = {{official URL}}
| foundation = [[Zürich]], [[Switzerland]] (1973)
| foundation = [[Zürich]], [[Switzerland]] (1973)
| parent = [[Accor]]
| parent = [[Accor]]
| location_city = [[Baar, Switzerland|Baar]]
| hq_location = 82, rue Henri Farman - 92130 Issy-les-Moulineaux - France
| location_country = [[Switzerland]]
}}
}}


⚫
'''[https://movenpick.accor.com/ Mövenpick Hotels & Resorts]''' ({{IPA-de|ˈmøːvənpɪk}}; {{IPAc-en|lang|ˈ|m|uː|v|ə|n|ˌ|p|ɪ|k}}) is a premium [[Hotel|hotel management company]] headquartered in [[Paris]], [[France]]. It is fully owned by [[Accor]] since the September 2018 acquisition from former shareholders Mövenpick Holding (66.7%) and the [[Saudi Arabia|Saudi]]-based [[Kingdom Holding Company|Kingdom Group]] (33.3%). It operates 118 properties, including hotels, resorts and 8 Nile cruisers, with another 80 properties planned or under construction across Europe, the Middle East and Asia Pacific.


⚫
'''Mövenpick Hotels & Resorts''' ({{IPA-de|ˈmøːvənpɪk}}; {{IPAc-en|lang|ˈ|m|uː|v|ə|n|ˌ|p|ɪ|k}}) is a Swiss [[Hotel|hotel management company]] headquartered in [[Baar, Switzerland|Baar]], [[Switzerland]]. It is fully owned by [[Accor]] since the September 2018 acquisition from former shareholders Mövenpick Holding (66.7%) and the [[Saudi Arabia|Saudi]]-based [[Kingdom Holding Company|Kingdom Group]] (33.3%). It operates over 80 properties, including hotels, resorts and Nile cruisers, with another 30 resorts planned or under construction across the Middle East and Asia.<ref name="AHGZ">{{cite news|url=/proxy/https://www.ahgz.de/personalien/personalie-olivier-chavy-wird-neuer-ceo-bei-moevenpick,200012232946.html |title=Olivier Chavy wird neuer CEO bei Mövenpick |trans-title=Olivier Chavy becomes new CEO at Mövenpick |language=de |newspaper=Allgemeine Hotel- und Gastronomie-Zeitung |date=4 August 2016 |access-date=3 October 2016}}</ref> The hotel chain serves 5.8 million people per year.{{cn|date=April 2024}}
== History ==
[[File:MövenpickResortAlMarjan.jpg|alt=Mövenpick Resort Al Marjan - Exterior|thumb|Mövenpick Resort [[Al Marjan Island|Al Marjan]], [[United Arab Emirates]]]]


=== '''Mövenpick Group''' ===
== Mövenpick Group ==
⚫
[[File:Mövenpick Ambassador Hotel Accra.jpg|thumb|Mövenpick Ambassador Hotel [[Accra]], Ghana]]
Mövenpick Hotels & Resorts traces its roots back to the privately owned Mövenpick Group, which was founded by the late [[Ueli Prager]] in 1948. The brand was born out of an innovative restaurant concept dedicated to demystifying dining outside the home without sacrificing gourmet experiences.
Mövenpick Hotels & Resorts traces its roots back to the privately owned Mövenpick Group, which was founded by Ueli Prager in 1948 when he opened his first restaurant in [[Zürich]]. The name was apparently inspired by the feeding action of a [[gull]] (in German, a Möwe) and how its simple movements reflected the restaurant’s theme of food served as quickly as possible.<ref>{{cite web|url=/proxy/https://www.thecaterer.com/articles/48392/whos-who-movenpick-hotels-resorts|title=Who's who listing}}</ref>
⚫
[[File:MövenpickHotelTallinn.jpg|alt=Mövenpick Hotel Tallinn - Hotel Lobby|thumb|Mövenpick Hotel [[Tallinn]], [[Estonia]]]]


⚫
== Mövenpick Hotels & Resorts ==
=== Name Origin ===
⚫
The official launch of Mövenpick Hotels & Resorts was marked by the opening of two hotels at [[Zurich Airport]] and [[Regensdorf|Zürich-Regensdorf]]. Expansion beyond Europe started in 1976 with the opening in [[Cairo]] of the Mövenpick Hotel Jolie Ville. Mövenpick Hotels & Resorts were among the first companies to operate hotels under management contracts, which helped allow rapid growth. Expansion continued through the 1980s into [[Egypt]], with the chain’s first cruise ship (HS Radamis) beginning operations in 1991.<ref>{{Cite web |url=/proxy/http://budapesttimes.hu/2016/01/19/bird-bard-inspired-businessman-2/ |title=Bird, bard inspired businessman |access-date=2016-10-04 |archive-url=/proxy/https://web.archive.org/web/20160505093741/http://budapesttimes.hu/2016/01/19/bird-bard-inspired-businessman-2/ |archive-date=2016-05-05 |url-status=dead}}</ref>
The name itself originates from a stroll along [[Lake Zurich|Lake Zürich]], where Prager saw a [[Gull|seagull]] (möwe in [[German language|German]]) swoop down and pick something up to eat.


[[Alwaleed]] bought 27 percent of the chain in 1997, increasing that to 33 percent in 2003.<ref name="Khan">{{cite book |last1=Khan |first1=Riz |title=Alwaleed, Businessman Billionaire Prince |date=2005 |publisher=HarperCollins |location=New York |isbn=9780060850302 |page=[https://archive.org/details/alwaleed00rizk_0/page/143 143] |url-access=registration |url=/proxy/https://archive.org/details/alwaleed00rizk_0/page/143}}</ref>
=== Ueli Prager's Philosophy & Mövenpick's Legacy ===
[[File:MövenpickHotelMansourEddahbiMarrakech.jpg|alt=Mövenpick Hotel Mansour Eddahbi Marrakech - Courtyard|thumb|Mövenpick Hotel Mansour Eddahbi [[Marrakesh|Marrakech]], [[Morocco]]]]
Ueli Prager’s vision for Mövenpick was encapsulated in his philosophy: “Do ordinary things in an extraordinary way.” This principle revolutionized the hospitality industry, emphasizing quality, innovation, and customer satisfaction. Mövenpick's legacy includes a wide array of hotels, restaurants, and gourmet products that continue to uphold these values.


⚫
New expansions into Africa and the [[Middle East]] saw “pilgrim hotels” opened in Madinah in Saudi Arabia, and a period of hotel renovation and portfolio consolidation began. Rapid expansion continued through the early 2000s.<ref>{{Cite web |url=/proxy/http://www.4hoteliers.com/news/story/19 |title=Mövenpick to open new five-star hotel in Madinah, Saudi Arabia. ~ Saturday, 5th October 2002 from 4Hoteliers |access-date=2016-10-04 |archive-url=/proxy/https://web.archive.org/web/20161005113645/http://www.4hoteliers.com/news/story/19 |archive-date=2016-10-05 |url-status=dead }}</ref> In 2003, Mövenpick was named the “fastest growing hotel chain in the Middle East” by The World Travel Market.<ref>{{cite web|url=/proxy/http://www.hospitalitynet.org/news/4017752.html |title=Mövenpick Hotels & Resorts awarded 'Fastest Growing Hotel Chain in the Middle East' |date=19 November 2003 |access-date=3 October 2016 |publisher=Hospitality Net}}</ref>
Since its beginnings, this playful name has stood for joyful, unpretentious guest experiences at Mövenpick restaurants and hotels alike, where culinary excellence remains an essential ingredient at the heart of the brand.


⚫
A strategic partnership with Green Globe was announced in 2010, beginning a drive towards sustainability with a specific focus on the travel and tourism industry across all Mövenpick Hotels & Resorts properties.<ref>{{cite web|url=/proxy/http://greenglobe.com/latest-news/movenpick-hotels-and-resorts-signs-green-globe-certification-partnership/|title=Mövenpick Hotels and Resorts signs Green Globe Certification partnership - Green Globe|website=greenglobe.com}}</ref>
=== Innovations and Contributions ===
[[File:Movenpick Dead Sea - Jordan.png|thumb|[[Movenpick Dead Sea Spa and Resort]] in [[Jordan]]]]
Mövenpick Hotels & Resorts became known for several innovative practices that set new standards in the hospitality industry:
⚫
Certification and awards accompany further expansion into India, the Philippines, Singapore,<ref>{{cite web|url=/proxy/http://www.eturbonews.com/59226/movenpicks-impressive-expansion-plan-southeast-asia|title=Ritz-Carlton ranked highest in luxury brand segment|date=26 July 2012}}</ref> and Ghana (2011<ref>{{cite web|url=/proxy/http://www.hoteliermiddleeast.com/12823-moevenpick-opens-first-hotel-in-ghana/|title=Moevenpick opens first hotel in Ghana – HotelierMiddleEast.com|first=Imthishan|last=Giado}}</ref>). New hotels opened in China in 2013, and Pakistan in 2014, and Bangladesh in 2015.<ref>{{cite web|url=/proxy/http://www.albawaba.com/business/pr/m%C3%B6venpick-bangladesh-427094|title=Mövenpick Hotels & Resorts signs agreements to manage hotels in Bangladesh|date=28 May 2012}}</ref>


⚫
As of 2015, Mövenpick Hotels & Resorts has 56 properties that are Green Globe certified: the highest number of certifications currently attained by any one hotel company.<ref>{{cite web|url=/proxy/http://greenglobe.com/latest-news/movenpick-hotels-resorts-named-a-global-leader-in-sustainable-practices-by-green-globe/|title=Mövenpick Hotels & Resorts named a 'global leader' in sustainable practices by Green Globe|website=greenglobe.com}}</ref>
* High-quality à la carte dining options instead of traditional set menus.
* Extended dining hours, offering warm meals outside conventional times.
* Wine by the glass, a practice that democratized wine consumption.
* Introduction of branded products like Mövenpick Ice Cream and Mövenpick Coffee, enhancing the brand's recognition beyond the hotel and restaurant sectors.


In January 2014, Mövenpick took over the Sheraton Karachi for a fifteen-year period.<ref>{{Cite news|url=/proxy/https://tribune.com.pk/story/668617/fdi-movenpick-to-invest-30m-in-pakistan/|title=FDI: Movenpick to invest $30m in Pakistan - The Express Tribune|date=2014-02-07|work=The Express Tribune|access-date=2017-03-03}}</ref> On October 8, 2015, Mövenpick announced its second property in [[Pakistan]], after a contract to take over [[The Centaurus|The Centaurus Hotel]] by early 2018.<ref>{{cite web|url=/proxy/https://www.thenews.com.pk/print/66638-federal-capital-to-have-movenpick-hotel|title=Federal capital to have Movenpick Hotel|website=thenews.com.pk|access-date=2017-03-03}}</ref> Olivier Chavy took up the position of CEO in September 2016.<ref>{{cite news |url=/proxy/http://m.hotelbusiness.com/Personnel/M%C3%B6venpick-Hotels-and-Resorts-Names-Olivier-Chavy-CEO/54726 |title=Mövenpick Hotels & Resorts Names Olivier Chavy CEO |newspaper=Hotel Business |date=4 August 2016 |access-date=3 October 2016 |archive-url=/proxy/https://web.archive.org/web/20161005072407/http://m.hotelbusiness.com/Personnel/M%C3%B6venpick-Hotels-and-Resorts-Names-Olivier-Chavy-CEO/54726 |archive-date=2016-10-05 |url-status=dead}}</ref>
In the 1980s, the brand launched Mövenpick Marché Restaurants, which offered a unique market-style dining experience. This period also saw the licensing of the Mövenpick name for various gourmet products.
[[File:Movenpick Karachi.jpg|thumb|Mövenpick Hotel [[Karachi]]]]


=== Failed expansion ===
⚫
== About Mövenpick Hotels & Resorts ==
Toronto-based company Richtree Inc. attempted to introduce Mövenpick to the American market, but lost $14.9 million in the 1999–2000 financial year. Of this amount, they paid $9.9 million in broken lease fees and restructuring costs. The fees were in relation to changed plans for establishing restaurants in New York and San Diego. Richtree sued Mövenpick Holding AG.<ref>{{Cite news|title=Movenpick franchisee planning second assault on U.S. market|last=Laidlaw|first=Stuart|date=15 December 2000|work=Toronto Star|page=BU01}}</ref>

=== Hotel Founding & Early Expansion ===
The official launch of Mövenpick Hotels & Resorts was marked by the opening of two hotels at [[Zurich Airport]] and [[Regensdorf|Zürich-Regensdorf]]. Expansion beyond Europe started in 1976 with the opening in [[Cairo]] of the Mövenpick Hotel Jolie Ville.

=== Global Growth ===
Throughout the 1980s and 1990s, Mövenpick Hotels & Resorts expanded its footprint globally. Mövenpick Hotels & Resorts were among the first companies to operate hotels under management contracts, which helped allow rapid growth.
[[File:Mövenpick Hotel Basel - Lobby.jpg|alt=Mövenpick Hotel Basel - Hotel Lobby|thumb|Mövenpick Hotel [[Basel]], [[Switzerland]]]]

==== Key milestones included: ====

* Opening hotels in New York and Toronto in 1980.
⚫
* Expanding further through the 1980s into [[Egypt]], with the chain’s first cruise ship (HS Radamis) beginning operations in 1991.<ref>{{Cite web |title=Bird, bard inspired businessman |url=/proxy/http://budapesttimes.hu/2016/01/19/bird-bard-inspired-businessman-2/ |url-status=dead |archive-url=/proxy/https://web.archive.org/web/20160505093741/http://budapesttimes.hu/2016/01/19/bird-bard-inspired-businessman-2/ |archive-date=2016-05-05 |access-date=2016-10-04}}</ref>
* Expanding into the Middle East with the first hotel in Jordan in 1996.
* Further growth into the Gulf region between 2001 and 2003.

⚫
[[Alwaleed]] bought 27 percent of the chain in 1997, increasing that to 33 percent in 2003.<ref name="Khan">{{cite book |last1=Khan |first1=Riz |title=Alwaleed, Businessman Billionaire Prince |date=2005 |publisher=HarperCollins |location=New York |isbn=9780060850302 |page=[https://archive.org/details/alwaleed00rizk_0/page/143 143] |url-access=registration |url=/proxy/https://archive.org/details/alwaleed00rizk_0/page/143}}</ref>[[File:Mövenpick Resort El Quseir.jpg|alt=Mövenpick Resort El Quseir - Arrival|thumb|Mövenpick Resort [[El Qoseir|El Quseir]], [[Egypt]]]]New expansions into Africa and the [[Middle East]] saw “pilgrim hotels” opened in Madinah in Saudi Arabia, and a period of hotel renovation and portfolio consolidation began. Rapid expansion continued through the early 2000s.<ref>{{Cite web |url=/proxy/http://www.4hoteliers.com/news/story/19 |title=Mövenpick to open new five-star hotel in Madinah, Saudi Arabia. ~ Saturday, 5th October 2002 from 4Hoteliers |access-date=2016-10-04 |archive-url=/proxy/https://web.archive.org/web/20161005113645/http://www.4hoteliers.com/news/story/19 |archive-date=2016-10-05 |url-status=dead }}</ref> In 2003, Mövenpick was named the “fastest growing hotel chain in the Middle East” by The World Travel Market.<ref>{{cite web|url=/proxy/http://www.hospitalitynet.org/news/4017752.html |title=Mövenpick Hotels & Resorts awarded 'Fastest Growing Hotel Chain in the Middle East' |date=19 November 2003 |access-date=3 October 2016 |publisher=Hospitality Net}}</ref>

⚫
A strategic partnership with [https://www.greenglobe.com/ Green Globe] was announced in 2010, beginning a drive towards sustainability with a specific focus on the travel and tourism industry across all Mövenpick Hotels & Resorts properties.<ref>{{cite web|url=/proxy/http://greenglobe.com/latest-news/movenpick-hotels-and-resorts-signs-green-globe-certification-partnership/|title=Mövenpick Hotels and Resorts signs Green Globe Certification partnership - Green Globe|website=greenglobe.com}}</ref>
⚫
Certification and awards accompany further expansion into India, the Philippines, Singapore,<ref>{{cite web|url=/proxy/http://www.eturbonews.com/59226/movenpicks-impressive-expansion-plan-southeast-asia|title=Ritz-Carlton ranked highest in luxury brand segment|date=26 July 2012}}</ref> and Ghana (2011<ref>{{cite web|url=/proxy/http://www.hoteliermiddleeast.com/12823-moevenpick-opens-first-hotel-in-ghana/|title=Moevenpick opens first hotel in Ghana – HotelierMiddleEast.com|first=Imthishan|last=Giado}}</ref>). New hotels opened in China in 2013, and Pakistan in 2014, and Bangladesh in 2015.<ref>{{cite web|url=/proxy/http://www.albawaba.com/business/pr/m%C3%B6venpick-bangladesh-427094|title=Mövenpick Hotels & Resorts signs agreements to manage hotels in Bangladesh|date=28 May 2012}}</ref>[[File:MövenpickResortKuredhivaruMaldives.jpg|alt=Mövenpick Resort Kuredhivaru Maldives - Aerial View|thumb|Mövenpick Resort [[Noonu Atoll|Kuredhivaru]] [[Maldives]]]]

⚫
As of 2015, Mövenpick Hotels & Resorts had 56 properties that are Green Globe certified: the highest number of certifications attained by any one hotel company.<ref>{{cite web|url=/proxy/http://greenglobe.com/latest-news/movenpick-hotels-resorts-named-a-global-leader-in-sustainable-practices-by-green-globe/|title=Mövenpick Hotels & Resorts named a 'global leader' in sustainable practices by Green Globe|website=greenglobe.com}}</ref>


=== Acquisition by AccorHotels ===
=== Acquisition by AccorHotels ===
[[AccorHotels]] announced in April 2018 that it signed an agreement with Mövenpick Holding and the Kingdom Holding to acquire the hotel group for CHF 560 million (EUR 482 million).<ref>{{Cite news |title=AccorHotels acquires Mövenpick Hotels & Resorts |url=/proxy/http://press.accorhotels.group/accorhotels-acquiresmovenpick-hotels-resorts}}</ref> The acquisition was completed in September 2018.<ref>{{Cite web |title=AccorHotels completes acquisition of Mövenpick Hotels & Resorts |url=/proxy/https://www.accorhotels.group/en/Actualites/2018/09/accorhotels-movenpick |access-date=2019-01-01 |website=accorhotels.group}}</ref>
[[AccorHotels]] announced in April 2018 that it signed an agreement with Mövenpick Holding and the Kingdom Holding to acquire the hotel group for CHF 560 million (EUR 482 million).<ref>{{Cite news|url=/proxy/http://press.accorhotels.group/accorhotels-acquiresmovenpick-hotels-resorts|title=AccorHotels acquires Mövenpick Hotels & Resorts}}</ref> The acquisition was completed in September 2018.<ref>{{Cite web|url=/proxy/https://www.accorhotels.group/en/Actualites/2018/09/accorhotels-movenpick|title=AccorHotels completes acquisition of Mövenpick Hotels & Resorts|website=accorhotels.group|access-date=2019-01-01}}</ref>
[[File:MövenpickHotelTheHague.jpg|alt=Mövenpick Hotel The Hague - By NOA Coffee & Wine Lounge|thumb|Mövenpick Hotel [[The Hague]], [[Netherlands]]]]
This acquisition aimed to leverage Accor's global distribution and digital platforms to enhance Mövenpick’s market presence and operational efficiency. By 2023, Mövenpick Hotels & Resorts celebrated its 50th anniversary, continuing to operate under the Accor umbrella, with a strong presence in Europe, the Middle East, Africa, and Asia.

==== Later Developments ====
The acquisition by Accor has furthered Mövenpick’s commitment to sustainable practices and luxury hospitality. The brand has maintained its dedication to providing exceptional dining experiences and high-quality accommodations, with ongoing innovations and expansions in various markets.

Since the Accor acquisition, Mövenpick has expanded its offering since 2020 with two mixed use resorts offering beachfront resort, villa and residences accommodation with dining and recreational programming for families opened in Cam Rahn and Phu Quoc, Vietnam

Further growth in 2021 Mövenpick arrives in Australia, opening hotels in Hobart & Melbourne followed closely by New Zealand opening hotels in Wellington and Auckland in 2022.

==== Sustainability ====
One of the brand's biggest milestones is its sustainability efforts. Employees have always been at the heart of Mövenpick and vice versa, as numerous Mövenpick anniversaries show. At Mövenpick Hotel Münster, the first hotel in Germany, the two "oldest" employees have been loyal to the brand for 35 years. But Mövenpick also focuses on cooperation with the local communities. In the "Kilo of Kindness" campaign, hotels collect goods for one month every year together with their employees, guests, and residents, which are then donated to individually selected [[Charity (practice)|charity]] organizations. Mövenpick is particularly proud to have been named the most Green Globe Certified hotel brand every year since 2017. Green Globe is the exclusive partner providing sustainability certification for Mövenpick worldwide. 75% of the hotels and resorts are currently certified, with 1/3 of them having even achieved Gold and Platinum status. This is thanks to measures such as the cooperation with "[[Too Good To Go|Too Good to Go]]" to avoid food waste and smart sustainable designs that the company's own "Design & Technical Services" teams work on with their hotel partners. The aim is to achieve Green Globe certification for all properties by 2026.


==See also==
==See also==

Revision as of 15:40, 29 May 2024

Mövenpick Hotels & Resorts
Company typeSubsidiary
IndustryHospitality, Tourism
FoundedZürich, Switzerland (1973)
FounderUeli Prager
Headquarters
Baar
,
Switzerland
Number of locations
83 hotels
Area served
Europe, Africa, Middle East and Asia
ProductsBusiness/Leisure Hotels, Resorts
Number of employees
>16,000
ParentAccor
Websitewww.movenpick.com/en/ Edit this at Wikidata


Mövenpick Hotels & Resorts (German pronunciation: [ˈmøːvənpɪk]; English: /ˈmuːvənˌpɪk/) 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%). It operates over 80 properties, including hotels, resorts and Nile cruisers, with another 30 resorts planned or under construction across the Middle East and Asia.[1] The hotel chain serves 5.8 million people per year.[citation needed]

Mövenpick Group

Mövenpick Ambassador Hotel Accra, Ghana

Mövenpick Hotels & Resorts traces its roots back to the privately owned Mövenpick Group, which was founded by Ueli Prager in 1948 when he opened his first restaurant in Zürich. The name was apparently inspired by the feeding action of a gull (in German, a Möwe) and how its simple movements reflected the restaurant’s theme of food served as quickly as possible.[2]

Mövenpick Hotels & Resorts

The official launch of Mövenpick Hotels & Resorts was marked by the opening of two hotels at Zurich Airport and Zürich-Regensdorf. Expansion beyond Europe started in 1976 with the opening in Cairo of the Mövenpick Hotel Jolie Ville. Mövenpick Hotels & Resorts were among the first companies to operate hotels under management contracts, which helped allow rapid growth. Expansion continued through the 1980s into Egypt, with the chain’s first cruise ship (HS Radamis) beginning operations in 1991.[3]

Alwaleed bought 27 percent of the chain in 1997, increasing that to 33 percent in 2003.[4]

New expansions into Africa and the Middle East saw “pilgrim hotels” opened in Madinah in Saudi Arabia, and a period of hotel renovation and portfolio consolidation began. Rapid expansion continued through the early 2000s.[5] In 2003, Mövenpick was named the “fastest growing hotel chain in the Middle East” by The World Travel Market.[6]

A strategic partnership with Green Globe was announced in 2010, beginning a drive towards sustainability with a specific focus on the travel and tourism industry across all Mövenpick Hotels & Resorts properties.[7]

Movenpick Dead Sea Spa and Resort in Jordan

Certification and awards accompany further expansion into India, the Philippines, Singapore,[8] and Ghana (2011[9]). New hotels opened in China in 2013, and Pakistan in 2014, and Bangladesh in 2015.[10]

As of 2015, Mövenpick Hotels & Resorts has 56 properties that are Green Globe certified: the highest number of certifications currently attained by any one hotel company.[11]

In January 2014, Mövenpick took over the Sheraton Karachi for a fifteen-year period.[12] On October 8, 2015, Mövenpick announced its second property in Pakistan, after a contract to take over The Centaurus Hotel by early 2018.[13] Olivier Chavy took up the position of CEO in September 2016.[14]

Mövenpick Hotel Karachi

Failed expansion

Toronto-based company Richtree Inc. attempted to introduce Mövenpick to the American market, but lost $14.9 million in the 1999–2000 financial year. Of this amount, they paid $9.9 million in broken lease fees and restructuring costs. The fees were in relation to changed plans for establishing restaurants in New York and San Diego. Richtree sued Mövenpick Holding AG.[15]

Acquisition by AccorHotels

AccorHotels announced in April 2018 that it signed an agreement with Mövenpick Holding and the Kingdom Holding to acquire the hotel group for CHF 560 million (EUR 482 million).[16] The acquisition was completed in September 2018.[17]

See also

References

  1. ^ "Olivier Chavy wird neuer CEO bei Mövenpick" [Olivier Chavy becomes new CEO at Mövenpick]. Allgemeine Hotel- und Gastronomie-Zeitung (in German). 4 August 2016. Retrieved 3 October 2016.
  2. ^ "Who's who listing".
  3. ^ "Bird, bard inspired businessman". Archived from the original on 2016-05-05. Retrieved 2016-10-04.
  4. ^ Khan, Riz (2005). Alwaleed, Businessman Billionaire Prince. New York: HarperCollins. p. 143. ISBN 9780060850302.
  5. ^ "Mövenpick to open new five-star hotel in Madinah, Saudi Arabia. ~ Saturday, 5th October 2002 from 4Hoteliers". Archived from the original on 2016-10-05. Retrieved 2016-10-04.
  6. ^ "Mövenpick Hotels & Resorts awarded 'Fastest Growing Hotel Chain in the Middle East'". Hospitality Net. 19 November 2003. Retrieved 3 October 2016.
  7. ^ "Mövenpick Hotels and Resorts signs Green Globe Certification partnership - Green Globe". greenglobe.com.
  8. ^ "Ritz-Carlton ranked highest in luxury brand segment". 26 July 2012.
  9. ^ Giado, Imthishan. "Moevenpick opens first hotel in Ghana – HotelierMiddleEast.com".
  10. ^ "Mövenpick Hotels & Resorts signs agreements to manage hotels in Bangladesh". 28 May 2012.
  11. ^ "Mövenpick Hotels & Resorts named a 'global leader' in sustainable practices by Green Globe". greenglobe.com.
  12. ^ "FDI: Movenpick to invest $30m in Pakistan - The Express Tribune". The Express Tribune. 2014-02-07. Retrieved 2017-03-03.
  13. ^ "Federal capital to have Movenpick Hotel". thenews.com.pk. Retrieved 2017-03-03.
  14. ^ "M�venpick Hotels & Resorts Names Olivier Chavy CEO". Hotel Business. 4 August 2016. Archived from the original on 2016-10-05. Retrieved 3 October 2016.
  15. ^ Laidlaw, Stuart (15 December 2000). "Movenpick franchisee planning second assault on U.S. market". Toronto Star. p. BU01.
  16. ^ "AccorHotels acquires M�venpick Hotels & Resorts".
  17. ^ "AccorHotels completes acquisition of M�venpick Hotels & Resorts". accorhotels.group. Retrieved 2019-01-01.
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