Accor to grow its hotel network in the Philippines to 22 Hotels with over 5,500 rooms by end of 2024

MANILA,Philippines,Oct. 22,2019 -- Accor,the largest and most geographically diverse hotel group in Asia Pacific will expand its portfolio in the Philippines with a record-setting nine new hotels signed this year which will be managed by the international augmented hospitality group. The accelerated expansion plan will boost the leading hotel operator's presence in the country from eight hotels with 2,127 rooms to 22 hotels with over 5,500 rooms within the next five years. With 38 brands within its portfolio,Accor is on a rapid expansion phase,particularly in the luxury and lifestyle sectors across the Asia Pacific region.

Rendering of Pullman Living Makati and Novotel Living Makati,slated to open in 2022.

The nine new hotels signed represent an additional 2,155 rooms,increasing the group's total pipeline to 14 new hotels in the Philippines with over 3,400 new rooms.

"Philippines is a market with great potential,and our recent signings underlines Accor's long-term commitment to the vibrant nation. Last year,the travel and tourism industry was the fastest-growing sector in the Philippines. We are delighted to showcase even more of the Philippines with a wider choice of accommodation that makes as much sense for our hotel owners as much as it does for our guests,"said Patrick Basset,Accor's Chief Operating Officer- Upper Southeast & Northeast Asia and the Maldives.

According to a report by the World Travel & Tourism Council (WTTC),travel and tourism contributed 24.7 percent to the Philippine gross domestic product in 2018.

The 14 new properties include the introduction of six brands which will make their debut in the Philippines including- Pullman Living,MGallery,Swissôtel,Novotel Living,and Ibis Styles. The Philippines is already home to Raffles,Fairmont,Sofitel,Mövenpick,Novotel and Mercure brands.

The world's first Pullman Living and Novotel Living properties announced in Manila earlier this year reinvent the serviced apartment concept combining social spaces and modern dining.

"With nine hotels signed to date in the Philippines,we have doubled the existing portfolio in just over nine months,and expect to add two more hotels with a combined 500 rooms by the end of 2019. We have further diversified our brand offering with the introduction of six Accor hotels and extended stay brands into the country,"said Andrew Langdon,Accor's Senior Vice President of Development - Asia.

According to the latest numbers from the Philippines's Department of Tourism,South Korea,Mainland China,USA,Japan,and Taiwan make up the country's top five visitor source markets. Accor's global presence and long-term visibility in these markets offer the advantage of trustworthiness and reputation for travellers as well as stakeholders.

Accor has the largest pipeline in Asia Pacific and opened 128 hotels in the region last year. The group opens,on average,a new hotel every 36 hours globally and in Asia Pacific opens a new hotel every three days.

ABOUT ACCOR

Accor is a world-leading augmented hospitality group offering unique experiences in 4,900 hotels and residences across 110 countries. The Group has been acquiring hospitality expertise for more than 50 years,resulting in an unrivalled portfolio of brands,from luxury to economy,supported by one of the most attractive loyalty programs in the world.

Beyond accommodation,Accor enables new ways to live,work,and play,by blending food and beverage with nightlife,wellbeing,and co-working. It also offers digital solutions that maximize distribution,optimize hotel operations and enhance the customer experience.

Accor is deeply committed to sustainable value creation and plays an active role in giving back to planet and community via its Planet 21- Acting Here program and the Accor Solidarity endowment fund,which gives disadvantaged groups access to employment through professional training.

Accor SA is publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACRFY) in the United States. For more information visit accor.com. Or become a fan and follow us on Twitter and Facebook.

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