30 AUGUST 2010
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ACCOR, the French hospitality group, plans to almost double the number of hotels in its global portfolio to 7,000 over the next seven years. This expansion will target high-growth emerging markets, particularly in Brazil and India, and will include opening a new property nearly every week in Asia for the next two years. In China where it already has 96 hotels Accor says there is a danger of oversupply in hotel rooms. Accor also plans to boost its presence in North Africa in Algeria, Morocco and Egypt with its Sofitel, Ibis, Novotel and Formula 1 brands. www.accorhotels.com
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