Europe’s biggest hotel chain and one of the world’s largest hotel, Accor Hotels, groups has been on an aggressive acquisition spree over the past one year with the $2.8 billion buyout of luxury brands like Fairmont, Raffles and Swissotel, and acquisition of private rental companies like Travel Keys, Square break and One fine stay. In an exclusive chat with Economic Times, Sébastien Bazin, chairman and CEO of Accor Hotels when questioned about expansion in India said “You will probably see one Fairmont and one Raffles in India shortly. Our tie up with Inter Globe is working well for the past 14 years. India is an extraordinary country but a difficult country to grow because it takes a bit more time than other countries. India is a priority in terms of size, scale, opportunity, culture geography and architecture. We just have to ease the way of doing business here and the current government is trying to do that. So it is going in the right direction. I am optimistic about India but it is a very different country compared to the rest”.
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