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FINANCIAL NEWS
Accor to open 18 new hotels in ME
02 Feb 2011
(MENAFN) The managing director of Accor Middle East, Christophe Landais, said that even though the average cost for a night in a top-line room had decreased, the company plans on opening 18 hotels in the Middle East by 2014, reported The National.
Landais said that the French company has already 36 hotels in the Middle East and operates more than 12 hotel brands in ninety different countries.
Landais added that, in the year 2010, Accor’s daily rate in the Middle East fell by twelve percent to $154.37, compared with 2009. As a result, the number of booked rooms increased by 23 percent to a total of 1.275 million.
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