PARIS: Accor said Tuesday it plans to expand its network of worldwide hotels by 2010, giving the French group a base of 5,000 hotels.
The current network of around 4,000 hotels will be shaken up with divestments, rebrandings and refurbishing, the company said.
"We plan on increasing our market share in the European midscale segment," helped by recently launched Adagio City Aparthotels, a joint venture with Groupe Pierre & Vacances, Accor Chief Executive Gilles Pelisson told journalists after presenting Accor's business plan to analysts over a two-day meeting in Roissy, near Paris.
