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In 2015 AccorHotels with the approval and support of the external party announced the acquisition of FRHI thus adding Raffles Hotels and Resorts Fairmont and Swisstel to its Luxury Hotel Brands portfolio whilst still only holding 40 of the company.
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Code of Conduct, at the country level with the cooperation with ECPAT and local NGOs, at the hotel level with the police departments and child protection organizations, and with its guests, who are made aware of the issue by employees.
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Price penetration is appropriate for products with price elastic demand and when gaining market share is more important than making a fast recovery of development costs.
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