French hospitality major Accor targets 80 hotels in India by 2020 – Feedback

French hospitality major Accor is looking at touching the 80-hotels mark in India by 2020, according to the company’s Global Deputy CEO Vivek Badrinath.

The group is set to open as many as 10 properties this year in cities such as Hyderabad, Goa, Jaipur, Chennai, Kochi, Coimbatore and Nashik. Five of these will come up under its brand ibis, and the rest either Novotel or Formule1. In India, the group currently runs 38 hotels across seven brands — Sofitel, Pullman, Grand Mercure, Novotel, Mercure, ibis, Formule1 — spanning 7,621 rooms across 15 cities. “In India, the metros are big areas for us. They are actually multiple markets in our view. Meanwhile, there are cities with significant economic activity to be present in where we open ibis or Mercure or small Novotel,” he added. For the company, globally, the growth is coming from Asia in terms of development, said Jean-Michel Casse, Senior Vice-President, Operations India. He added that “Asia will account for more than 50 per cent of the global growth for the company. Within this, India is taking an increasingly more important role”.

http://www.thehindubusinessline.com/todays-paper/tp-news/french-hospitality-major-accor-targets-80-hotels-in-india-by-2020/article8627412.ece

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