Hotline: 1800 102 2007
X
Search Business Opportunities
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.

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."

Comment
Related opportunities
  • About Us: Founded in the year 2001-2002, ITEM Secure Pvt. Ltd...
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Others Food Service
    About Us: Pind Balluchi a unique restaurant with an Ambience of..
    Locations looking for expansion Delhi
    Establishment year 1992
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 2800sqft.-3200sqft.
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
     About The London Shakes: The London Shakes are the re-inventors of..
    Locations looking for expansion Madhya pradesh
    Establishment year 2009
    Franchising Launch Date 2011
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya pradesh
  • Green Trends – A business opportunity for you in salon..
    Locations looking for expansion Tamil Nadu
    Establishment year 2002
    Franchising Launch Date 2010
    Investment size Rs. 30lac - 50lac
    Space required 1200 sq. ft.
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chennai Tamil Nadu
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities