French hospitality major Accor plans to open 30 new properties in India in the next three to five years to tap the huge potential here, according to its Senior Vice President Operations, India and South Asia, Puneet Dhawan. The hotel chain, which has nine brands in India out of 40 from its global portfolio, will also consider introducing more brands in the country to cater to different segments of customers here. "Currently our pipeline is about 30 signed contracts...These are expected (to be operational) in the next three to five years," Dhawan told PTI when asked about the company's expansion plans in India. These properties will be developed by local partners and run by Accor under its existing nine brands in India, including Fairmont, Novotel, Mercure and Pullman, among others. The investments on these new properties will be done by the partners. Some of the cities where the new properties will come up include New Delhi, Chandigarh, Mohali, Bhubaneswar and Amritsar. The ...
India still needs to catch up with other markets in terms of the rates the hotels command. He also touches upon the expansion plans
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Spurring the growth is an early joint venture that Accor forged with Interglobe Enterprises, the parent company of aviation carrier Indigo Airlines, in 2008, and has since launched 17 Ibis hotels toge
In a very short span, the Ritesh Agarwal-founded start-up has emerged South Asia's largest hospitality chain valued at $5 billion having its presence in 10 countries
In India, Accor Hotels is a fairly new brand compared to the other hospitality players and with this decade-long presence we have been able to establish a successful portfolio across segments