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Stock impact report

Mews Acquires Sales and Catering Innovator, Quotelo [Yahoo! Finance]

Lloyds Banking Group Plc American Depositary Shares (LYG) 
US:NYSE Investor Relations: lloydsbankinggroup.com/investors
Company Research Source: Yahoo! Finance
announced the acquisition of Quotelo, marking its first product acquisition in France . This milestone comes on the heels of Mews surpassing 1,000 French customers, further solidifying its presence and commitment to innovation in the region. Founded in 2021, Quotelo revolutionizes event hospitality by accelerating and simplifying event quotation, booking and management. Quotelo's seamless solution supports independent hotels and resorts, as well as major hotel brands, to increase their revenue for groups and MICE (Meetings, Incentives, Conferences and Exhibitions). The acquisition of Quotelo follows a year of significant growth for Mews in France . Having increased its French customer base by 57% , opened its new Paris office, and become a certified PMS provider for BWH Hotels, Mews welcomes the entire Quotelo team as part of the acquisition. "As more properties rethink their real estate to offer more than accommodation, an event management solution is vital to manage events, co Show less Read more
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