Hospitality industry in India is still at a nascent stage, says Rahul Bhatia

The strengthening of the Accor-InterGlobe partnership is expected to lead to a network of 300 hotels by 2030. Today, it has 71 hotels in the country, with 40 more in development.

Sébastien Bazin, Chairman & CEO, Accor, told Business Today that India’s size, levels of under-penetration and complexity make it most interesting. “We saw the opportunities in many parts of the world at different points in time and pursued them. India will be the largest hospitality market globally in 20-25 years and we don’t want to miss it,” he said.

The relationship between InterGlobe Enterprises and Accor, headquartered in France, was formed in 2004 to establish a network of hotels across India, Nepal, Sri Lanka and Bangladesh. Rahul Bhatia,…