Accor: We’ll be No 1 in India
Accor says it is on target to be the number one international operator of hotels in India by 2015 with 90 hotels across all segments of the market from low cost to luxury.
Since Accor entered India in partnership with InterGlobe in 2004, eight hotels representing 1,525 rooms have opened and a further 52 hotels with over 10,000 rooms are committed,
Between now and the end of the 2012, 21 hotels will open adding over 4.800 rooms to Accor’s Indian hotel network.
Pacifica, a joint venture between Host Hotels and Resorts and the real estate investment arm of the Government of Singapore Corporation (GIC) has recently taken a stake in Accor’s and InterGlobe’s expansion plans for India through the creation of a new joint investment fund.
This fund will initially have seven strategic assets which will all be managed by Accor.
Through the ibis hotel joint venture between Accor and InterGlobe, 19 ibis hotels have been committed.
During the first quarter of 2011, two additional Accor brands will debut in India with the opening of a Sofitel in Mumbai and Pullman in Gurgaon.
Accor’s low cost Formule 1 brand will also open its first hotel for India in the second half of 2011.
Accor will invest predominantly in the low cost to midscale segments and operate as a manager in the upscale and luxury segments of the market.
Ian Jarrett
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent
Strike action set to cause travel chaos at Brussels airports