Accor Targets Brazil
Monday October 8th, 2012 - 12:36AM H
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RIO DE JANIERO, BRAZIL—Accor plans to open 250 hotels in Brazil in the next four years.
The Paris-based hotel company's financial partners have committed $1.5 billion to the effort. Twenty-two hotels have opened this year across Accor's portfolio of mostly mid-price brands, in this sprawling country, which is known for having one of the world's most robust economies at the moment. Meanwhile, 90 contracts have been signed for additional hotels.
Tags: • Hospitality • Ownership •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.