You can now transfer points between Accor and Emirates loyalty programs (but watch out for the conversion rate)
Skywards - Emirates' frequent flyer program - and ALL - Accor's loyalty program - further strengthen [...]

Skywards - the frequent flyer of Emirates - e ALL - the loyalty program of Accor - further strengthen their partnership.
In this article:
Members of the two loyalty programs can now convert Skywards miles into ALL Reward Points: specifically, for every 4,000 Skywards miles, members will receive 1,000 ALL Reward Points.
To convert points, simply log into your profile and enter the page dedicated to the Skywards loyalty program: once inside, after selecting Accor, you will be able to choose the amount of miles you want to convert into ALL points. Reverse conversion is also possible: with 4,000 ALL points you get 2,000 Skywards miles.
"We are excited to strengthen our partnership with Emirates Skywards. Our members will have the opportunity to easily earn and redeem their points and miles, unlocking an exciting range of opportunities in new destinations served by Emirates," commented Mehdi Hemici, Accor's Chief Loyalty and Ecommerce Officer.
It is evident: the conversion ratio is not the best; we are at the bleeding edge, to put it mildly. Can it make sense, then, to convert Skywards miles into ALL points? Probably not, Unless the EK miles are expiring. And one does not know how to exploit them.