Sofitel, Ibis, Novotel and Formula 1 brands expand

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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