luxury hotels of brands such as Fairmont, Raffles and Sofitel opening up in the years ahead besides hotels of other brands from Accor’s luxury and lifestyle division, said Sébastien Bazin, group chairman and CEO of the French multinational hospitality chain and Europe’s largest hotel chain in an interview with ET.
Accor will open 30 hotels in India totalling about 5,500 keys in the next three to five years. The chain currently has 62 hotels in India totalling around 11,000 rooms, but that’s not enough, Bazin said.
“I have been a big believer in India, but we have 2000 hotels in France and less than 100 hotels in India. Going by the size of the country, we should have well over 1000 hotels here. I know this is going to take very long but it should happen in the future and it is going to be worth it. We will need more Accor employees here across many different layers over time and we will have to give them greater decision-making powers," he added.
India is a country that shouldn’t be missed, Bazin said.
“We have the best partner that anybody could have wished for. Rahul Bhatia of IndiGo airline. I should be coming here every quarter for a better understanding of the country, and to find solutions to existing issues,” he said.
“It's very rare that you have the world's most populated country growing the fastest for the last five years and a country that’s probably going to grow the fastest for the next five years with a growing middle class, access to education, and the growth in technology and telecom. You have