dimanche 6 janvier 2013

Accor bets big on India !






The Accor group has decided to take a new direction in their global strategies betting on the Indian market . Indeed the CEO of the company, Denis Hannequin,  has noticed that the Accor brand has a feeble presence in this specific market. Eventhough a big part of his revenue comes from Europe, the group is willing to extend  its contribution in developping countries such as China and India.

As the european leader in the hospitality industry, Accor holds 4,400 hotels all over the world but only 15 of those are located in India. That is why Denis Hannequin plans to deploy 90 hotels during the years to come, in order to develop the whole brand portfolio in this country making it one of its  key markets.

Because of a fierce competition established by Indian hotel companies  in the luxury segment the company aims to be essentially on the mid-scale, economy and budget segments.
Thus Accor’s  Indian porfolio  will be made of 33 mid-scale hotels, 45 economic hotels and only 13 luxury hotels.

According to  Mister Hannequin, the company has thoroughly studied the indian market, understanding that the needs differ from occidental demand. Thereby Accor has adapted its offer to the local market, which will ensure its future success.

This move  in the accor's strategy show us that to keep a leader position a company has to be in a constant research of new markets and being innovative. And that India offers great opportunities for hotel companies desiring to acquire new market shares.



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