French hospitality giant Accor aims to boost its presence in India to 80 hotels with the next few years.
According to global deputy CEO Vivek Badrinath Accor plans to reach that milestone by 2020 and has earmarked 10 openings this year in cities such as Hyderabad, Goa, Jaipur and Chennai.
Five of these will be the Ibis brand along with Novotel and Formule1 branded hotels.
"This is a market which has potential for all our brands," he said.
Accor currently has 38 hotels open in 15 cities in India comprising seven brands – Sofitel, Pullman, Grand Mercure, Novotel, Mercure, ibis and Formule1.
"Asia will account for more than 50% of the global growth for the company. Within this, India is taking an increasingly more important role," said Jean-Michel Casse, senior vice-president of operations in India.
