Accor Eyeing India

French hotelier Accor, known mostly in the U.S. for its Red Roof Inn brand, is targeting development in India as part of its ambitious strategy to open 200,000 new rooms worldwide by 2010, the company announced today. The expansion plan will cover Accor's full range of brands in India, including its budget Formule 1 hotels, economy Ibis hotels, midscale Novotel hotels and upper-upscale Sofitel properties. Signaling Accor's aggressiveness, Gilles Pelisson, Accor's CEO, today signed an agreement with EMAAR properties worth a joint investment of $300 million to develop the Formule 1 brand in India. Sites for the hotels are currently being finalized and 10 hotels are scheduled to open in the next two years. Plans to develop Accor's other brands are also currently in the works.

FREE Virtual Event

Pivoting Back to Travel: Phase 4

Are you prepared to guide your clients through the “new normal” of travel? Join us December 15, 2020 from 1pm-2:20pm EST for Pivoting Back to Travel: Phase 4. The upcoming installment of our FREE virtual series will feature presentations from the Cayman Islands, Dominican Republic, and Seabourn on their most up-to-date travel procedures, health & safety protocols they’ve implemented to keep guests safe, activities that are open to visitors, what your clients need to know while on their trip and more! Visit www.pivotingbacktotravel to view the full agenda and register for your FREE pass.
Read more on:

Suggested Articles:

Thailand announced a new tourist visa for U.S. travelers to apply in advance to visit safely for up to 60 days. Here's what you need to know.

Accor is taking full ownership of sbe’s hotel asset light business and entered an all-share merger with Ennismore. Here's what it means.

After cruising successfully in Europe the past few months, MSC Cruises is the first major line to receive approval for cruises from Japan. Read more.