Hotline: 1800 102 2007
Hotline: 1800 102 2007
Apr, 19 2017

AccorHotels plans to expand its luxury platform

AccorHotels acquired luxury brands Fairmont and Raffles in a $2.7 billion deal last year and luxury is over one third of Accor's hotel revenues globally.

AccorHotels plans to expand its luxury platform

Hotel chain AccorHotels which owns brands like Ibis, Novotel and Pullman in India said its primary focus is to expand the luxury segment in emerging markets like India.

AccorHotels acquired luxury brands Fairmont and Raffles in a $2.7 billion deal last year and luxury is over one third of Accor's hotel revenues globally.

Gaurav Bhushan, Global Chief Development Officer, AccorHotels, said, "One of our big focus is to expand our luxury platform. We see a significant scope for expansion in the luxury space. 

The next big wave of growth for us is going to come from luxury and emerging markets. Luxury is an important component in these markets."

Bhushan also said Accor is looking at expanding the Fairmont brand in India. India currently has one Fairmont Hotel in Jaipur.

Bhushan added, "We have got eight new brands in our port folio in the past twelve months. We are looking at expanding the Fairmont brand in India. 

We are seeing good interest from the Indian market for our new luxury brands. We have active enquiries for Fairmont and Raffles. We hope to make some announcements soon."

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • JUICE is one of India’s trendiest salon chains with 32..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2003
    Investment size Rs. 30lac - 50lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: As a Montessori preschool integrated with daycare, Bambino offers..
    Locations looking for expansion Kerala
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Thiruvananthapuram Kerala
  • Education Supplies
    About Us: Siddshree Publication is a privately held company, dedicated to..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 50000 - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: Kathi Express is the most famous and trusted brand..
    Locations looking for expansion Uttarakhand
    Establishment year 2003
    Franchising Launch Date 2003
    Investment size Rs. 2lac - 5lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Dehradun Uttarakhand
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities