Accor Opened 41 New Hotels In Asia Pacific Last Year

French hotels group Accor SA (AC.FR) Wednesday said it opened 41 new hotels in the Asia Pacific region and signed over 70 development contracts in 2010, a record number of new contracts for a single year for the company.

MAIN FACTS:

- Accor is focused on expansion in the region including in the key markets of China and India and further into markets where Accor is already the market leader such as Indonesia, Thailand and Vietnam.

- Accor is making selective investments in economy range hotels, and in China and India, and focusing on management contracts throughout most other markets, said Michael Issenberg, Accor's Asia Pacific chief operating officer.

- In the mature hotel market of Australia, the company is predominantly expanding through a franchise strategy, Issenberg added.

- By Paris Bureau, Dow Jones Newswires; +331-4017-1740; mimosa.spencer@dowjones.com

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