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
  • Grocery Stores
     Food and Beverages Retail industry business providing One Stop Store..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Quick Service Restaurants
     Wrapking (Restaurant & Cafe ( A Unit of Frankys Food..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Clinics & Nursing Homes
    ·         ServElder has wide experience in providing ..
    Locations looking for expansion Haryana
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Womens Wear
    About Us: We are an Online Based company, we have more..
    Locations looking for expansion Delhi
    Establishment year 2013
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities