Interview: Accor To Open 100 Asia-pac Hotels In Next 2 Years
French hotel group Accor (ACCP.PA: Quote, Profile, Research) said on Thursday it will open about 100 hotels in the Asia Pacific over the next 24-30 months, as it remains committed to expansion despite expectations of a tourism slowdown. The group, which operates around 370 hotels in the region, expects the global economic slowdown to hurt the region's tourism markets next year and said the financial crisis will mainly disrupt projects scheduled for completion after 2010. "Nobody builds hotels for next year. They build for the next 20, 30, 40 years. I don't see a lot of projects being cancelled although there will be delays," Accor's Asia Pacific chairman Michael Issenberg told Reuters in an interview.