The leading hospitality solutions provider announces it's product win in Startup India Rocks.
AccorHotels announced that it has successfully reached agreement with a wholly-owned subsidiary of the Abu Dhabi Investment Authority to restructure a portfolio of 31 hotels (4,097 rooms) in Australia.
Compared with November 2015, the Asia Pacific region reported a 3.1% increase in occupancy to 72.3%. Average daily rate (ADR) dipped 1.0% to US$101.65. Revenue per available room (RevPAR) grew 2.1% to US$73.49.
Expect China to keep investing overseas; plus new sector prospects and bigger deals ahead