AccorHotels sees challenges in Asia-Pac expansion
The group faces problems of oversupply of rooms in some cities and an industry-wide management staff crunch, says its Asia-Pacific chairman and CEO Michael Issenberg.
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ACCORHOTELS is ramping up its Asia-Pacific presence to capture the region's booming travel demand amid demographic and economic shifts.
However, so are many other hotel groups - and that is causing problems such as an oversupply of hotel rooms in some cities and an industry-wide management staff crunch.
AccorHotels' Asia-Pacific chairman and CEO Michael Issenberg talked about the group's plans and the industry's problems in a recent interview with The Business Times. He said that even though only a quarter of the French group's rooms globally are currently in this region, half of its hotels worldwide that will open in the next three to five years are in Asia-Pacific.
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