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Accor Hotels to add 20 hotels across India in next 3-5 years

Press Trust of India  |  New Delhi 

Global hospitality Accor Hotels plans to add 20 properties across in the next three to five years as it adopts an asset-light strategy going forward and mulls bringing new brands to the country.

The company currently has 51 hotels across nine brands with around 9,500 rooms in

"We have 20 hotels in that are in pipeline in which will be operational in next three to five years," and told

The new hotels will come up in places such as Mumbai, Bengaluru, Udaipur, Goa, and among others, he added.

As the strategy of the company is to develop mid-scale and economy segment, the hotels will be mainly and Ibis and as well as few opportunities in the luxury space, Casse said.

Luxury space is also increasing in terms of signing products after the acquisition of Fairmont, Raffles and a few years ago and the acquisition of last year.

Accor has become the second largest operator in the luxury space globally which is giving the company more opportunity to bring these brands to India, he added.

"In key cities, we are looking to grow our by growing brands such as Fairmont and We are also aiming to bring our ultra-luxury brands like Raffles to India and are also looking at luxury leisure with an aim to bring brands like to India," Casse said.

When asked about the business model the company follows, Casse said: "We follow the asset-light model and we manage the hotels. Going forward it will be 100 per cent asset light."

About the segments, he said the largest segment in terms of volume is still corporate but segments like MICE are also increasingly becoming an important segment.

In India demand has always been strong, the supply has settled and so the company sees an opportunity for increasing the average room rate, he added.

currently has 4,800 hotels in 100 countries.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, March 17 2019. 11:15 IST
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