Sixty new Accor hotels will be developed in 14 countries in Africa in the next four years, as said Mark Willis, CEO Middle East and Africa Mark Willis said.
More than half of them will open in Egypt. “Egypt is resurrecting after 10 years of a tough situation,” Willis said.
Key markets in Accor’s growth plan include Nigeria, Ethiopia and South Africa. Accor will open 10, seven and three hotels respectively by 2020. Accor has 143 hotels in Africa, 63 of them south of the Sahara. It will also promote its Movenpick luxury brand, Willis said.
The development plan is fueled with more than USD 1 billion from the Kasada Fund set up by Katara Hospitality and Accor last year.Add to Favorites