Monday, August 23, 2010

Hotel groups eye expansion in Indian market

Accor and InterGlobe are both looking to expand within the Indian hotel market, which could see those taking cheap flights to Delhi rewarded with a wider choice of places to stay.

So far, Accor Hotels have opened eight properties across India and a further 19 ibis hotels have committed to a joint project between ibis and InterGlobe.

Between them, Accor and InterGlobe are aiming to have 90 hotels in place in the country by 2015 and are also aiming to become the top international hotel operator in India.

Accor chief executive officer Gilles Pelisson said: "India today is one of the world's most exciting growth markets with strong demand across all segments. Together with our partners InterGlobe, Accor is capitalizing on this demand with a bold growth strategy that will see it have 90 hotels in India by 2015. The rate of this expansion places India as Accor's first emerging growth market globally."

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