The world’s leading hotel manager, Accor has major expansion plans in India as it plans to operate 90 hotels by 2015 by investing a total amount of $150 million. Chief executive officer of Accor, Gilles Pelisson said, “India today is one of the world's most exciting growth markets with strong demand across all segments."
Contracts for 60 hotels have already been signed and 21 will be opened over the next 2 years. Accor currently manages and runs a total of 8 properties in India along with partner, InterGlobe under 3 different brands-Novotel, Ibis and Mercury.
“Our ambition is to be the number one international operator of hotels in India by 2015 with 90 hotels across all segments of the market from low cost to luxury. We are going to invest on building hotels in the mid-scale and economy segment," Pelisson added.
During the first quarter of 2011, 2 Accor brands will foray in to India with the opening of a Sofitel in Mumbai and Pullman in Gurgaon. Accor's low cost Formule 1 brand will also unveil its first hotel for India in the second half of 2011. Some of the Accor properties in India include Novetel Mumbai, Mercure Lavasa in Pune, Ibis Hotel (Gurgaon), Novetel Hyderabad among others.