• Accor to speed up disposals

Denis Hennequin, Accor’s incoming CEO, has said that the company will accelerate the company’s asset disposal programme.

The group is planning to become Europe’s largest hotel franchising group by 2015. Hennequin added that the company would push its expansion, commenting: "What we need to do now is increase penetration in all markets, especially in developing markets."

See the full story here:
http://www.bloomberg.com/news/2010-12-13/accor-s-new-chief-to-accelerate-predecessor-s-franchising-plan.html

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