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Accor eyes 9% growth in Thailand

Profile Photo By: Steve Shellum
June 15, 2017

Accor eyes 9% growth in Thailand

Bangkok, Thailand – 15 June 2017 –
AccorHotels is eyeing 9 percent market growth year-on-year in 2017 for Thailand, Patrick Basset, chief operating officer of AccorHotels in Upper Southeast and Northeast Asia, told reporters.

Accor, which saw 14 percent growth in the domestic market in Q1, plans 12 new Ibis Styles budget hotels in Thailand through 2020.

The group saw 10.6 percent revenue growth in Asia Pacific in Q1 2017, driven by the luxury segment.

Asia is its top regional market, representing 58 percent of the company’s global share. It operates 73 hotels in Thailand.

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