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Accor Announces Largest Ever Expansion In Thailand And Vietnam

Accor recently announced its most significant expansion in Thailand and Vietnam since it entered the region’s hotel market more than two decades ago, with six new hotels and beach resorts added to its fast growing regional network. In Thailand, Accor will manage two new Sofitel hotels and two new Novotels in key leisure and business destinations. The new hotels include the Sofitel Phokeethra Krabi (250 rooms) on the Thai mainland and Sofitel Nang Yuan Island (79 rooms) north of Koh Samui in the Gulf of Thailand. The group also adds Novotel Tipviman Cha Am (240 rooms) in the popular resort area near Hua Hin and Novotel King Power (400 rooms) near Bangkok’s Victory Monument Skytrain station and the city centre.

In neighbouring Vietnam Accor is adding Novotel Nha Trang (108 rooms) to a growing network of hotels in key leisure destinations following the announcement last week of La Residence Hue (122 rooms) in Vietnam’s former Imperial capital. The move comes as Accor is poised to open several high profile hotels in both countries. Mercure Pattaya is opening this month, the first of two hotels in the Kingdom’s oldest seaside resort followed by Garden Cliff Resort & Spa (managed by Sofitel) in August.

Managing director of Accor Asia Pacific, Michael Issenberg, said, “The new management contracts and hotel openings reflected the confidence Accor has in the region’s future growth potential. This year occupancies across our Thailand network of 19 hotels are running at 75 per cent, with our hotels in Bangkok performing at over 85 per cent. Our eight hotels in Vietnam are also achieving 76 per cent occupancies. Encouragingly - from an operators’ and owners’ point of view, we have also been able to improve our rates in both countries.

 

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