On January 21, 2020, Accor SA announced that it plans to return €1 billion to shareholders as it completed its move to an asset-light structure with the disposal of Orbis and the sale and management back of the Mövenpick leases. The company said it would now move to organic growth with “a targeted acquisition strategy.” In a call to investors, the group described a “two-pronged approach to redeploy capital” by increasing shareholder returns and continuing with hotel acquisitions of small and midsize asset-light groups, “consolidating leadership in key markets, getting access to leadership in high-growth markets” and “gaining speed on niche segments such as lifestyle.” In addition, the Company stated that it now focused on the organic growth of its portfolio, the strengthening of its leadership in its key markets, the attractiveness of its brands for its customers and its owners and an unwavering commitment to promoting its values and a distinctive vision of hospitality.