Accor may be considering the sale of its stake in travel agency Carlson Wagonlit Travel, according to a report in French newspaper Les Echos.

The French daily reported the news this Friday, citing sources in the industry.

Any potential sale is likely to involve a strategic overhaul by the group’s CEO Gilles Pelisson, who started at Accor last year.

Accor and U.S. Minneapolis-based Carlson Companies equally own CWT.

Carlson’s brands include Radisson Hotels & Resorts and Regent International Hotels.

CWT’s largest competitor in the market for managing corporate travel is American Express.
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