Over the next three to five years, AccorHotels will add 300 hotels in the Asia-Pacific area to its portfolio across all segments, bringing its total network to 1,050 in the region.
"Asia-Pacific is one of our top-performing markets," Arif Patel, VP of sales, marketing and distribution in India for AccorHotels said. "Iran, Africa and India are among the top-performing countries."
The company will add seven more hotels under the Ibis brand in India by 2018 in Mumbai, Kolkata, Goa and Chennai, taking the total to 20. The hotels will be part of a joint venture between AccorHotels and Interglobe Hotels, with the former holding 60 percent and the latter 40 percent.
"We will be investing close to Rs 900 crore in the opening of the seven new Ibis hotels," J.B. Singh, president and CEO of Interglobe Hotels, said. "Till now, we have invested Rs 1,300 crore in 13 Ibis hotels."
AccorHotels will also open a hotel under Novotel brand in Vijayawada by 2018 and another one in Bhimili, a coastal city close to Vizag in Andhra Pradesh. It also plans to have 10,000 rooms in India by the end of next year from around 8,000 rooms now, making it one of the largest hotel operators in India.