Accor planning huge expansion

21 August 2010

Hospitality chain Accor plans to almost double the number of hotels in its global portfolio to 7,000 in the next seven years, the Financial Times has reported. The €1.4bn expansion plan includes boosting the presence of the world's fourth-largest hotel group in North Africa in Algeria, Morocco and Egypt with its Sofitel, Ibis, Novotel and Formula 1 brands.

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