AccorHotels: Concentrating on portfolio expansion

AccorHotels

AccorHotels has been strongly focused on bolstering its already impressive portfolio of properties.

In 2017, the hospitality giant confirmed plans for 30 new hotels, including seven takeover agreements, adding more than 8,700 rooms to its regional portfolio.

So far this year, AccorHotels has signed for nine hotels, including agreements for the introduction of SO/ in Uptown Dubai, the expansion of MGallery in the UAE with the MGallery Old Town and the recent acquisition of South African based Mantis Group – a collection of boutique hotels and eco lodges spanning the seven continents.

IMEX Frankfurt 2020

CEO, AccorHotels Middle East and Africa, Olivier Granet reflected on last year: “2017 was a remarkable year for AccorHotels, defined by our robust expansion strategy. Our success underscores the continued confidence of our most valued partners and guests across the Middle East and Africa, and it begins with a fully engaged team providing operational support, expertise in a variety of disciplines and transparent and open dialogue.”

He continued: “We are very proud that we entered the region over 40 years ago and are humbled to be part of the very fabric of the destinations in which we operated in. In the UAE alone, we were the first major global hospitality company to introduce economy and midscale brands to the market, fuelling a need for affordable accommodation combined with international standards.

“We continue this momentum by bringing some of our most innovative and disruptive concepts, such as Mama Shelter, 25Hours Hotels and SO/, through which we hope to reinvigorate and transform the travel and hospitality experience for all travellers to the region,” Granet concluded.