France-based hotelier Accor S.A is in talks with Malaysian investors and hotel owners to manage up to 25 properties, or around 7,000 hotel rooms, by end-2016. Accor, the biggest hotel operator in Europe and the Asia Pacific, operates 8 hotels with 2,520 rooms in Malaysia under the Pullman, Novotel and Ibis Styles br
France-based hotelier Accor S.A is in talks with Malaysian investors and hotel owners to manage up to 25 properties, or around 7,000 hotel rooms, by end-2016.
Accor, the biggest hotel operator in Europe and the Asia Pacific, operates 8 hotels with 2,520 rooms in Malaysia under the Pullman, Novotel and Ibis Styles brands.
Senior vice-president for Accor Malaysia, Indonesia and Singapore, Gerard Guillouet, is bullish on its prospects in the country.
He said Accor will add Novotel Malacca, Mercure Kota Kinabalu and Ibis Styles Sandakan Waterfront to its portfolio this year.
Next year, it will operate 9 new hotels in the Kuala Lumpur city centre, Selayang and Sri Damansara in Selangor, Taiping in Perak, and Kota Kinabalu and Lahad Datu in Sabah.
Guillouet said Asia Pacific is a growing market for Accor, contributing slightly below 20 per cent to group revenue and net profit.
"By the end of next year, Asia Pacific will contribute 25% to the group's earnings and we expect that to grow year-on-year," he said.
Accor operates 540 hotels in the Asia Pacific comprising more than 100,000 rooms.
By end-2015, it will operate 700 hotels with a total of 130,000 hotel rooms.