Accor Hotel eyes 1,050 hotels in Asia-Pacific in 3-5 years, adding 300 hotels

Accor Hotels is planning to add 300 hotels in Asia-Pacific region in the next three to five years taking its total hotels network to 1,050 in this region from 750 hotels currently, said a senior company official.

Speaking on the sidelines of launch of Ibis, it’s budget hotel in Hyderabad on Wednesday, Arif Patel, vice president (sales, marketing and distribution), India, Accor Hotels said, “Asia-Pacific is one of our top performing markets. Iran, Africa and India are among the top performing countries. We plan to add 300 more hotels in the Asia-Pacific region in three to five years across the segments.”

The company will add seven more hotels under the Ibis brand in India by 2018 in cities like Mumbai, Kolkata, Goa and Chennai, taking the total to 20. Ibis is the brand of a joint venture between Accor with Interglobe Hotels, where former holds 60% and latter 40%.

Interglobe Enterprises owns Indigo Airlines.

J.B. Singh, president and CEO of Interglobe Hotels, said, “We will be investing close to Rs 900 crore in the opening of the seven new Ibis hotels. Till now, we have invested Rs 1,300 crore in 13 Ibis hotels."

Accor Hotels will also be launching a hotel under Novotel brand in Vijayawada by 2018 and another one in Bhimili, a coastal city close to Vizag in Andhra Pradesh. It also plans to have 10,000 rooms in India by the end of next year from around 8,000 rooms now, making it one of the largest hotel operators in India.