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Accor, Hilton, InterContinental expanding in Asia region.

Publication: Business Travel News
Publication Date: 08-SEP-03 		Format: Online - approximately 779 words
Delivery: Immediate Online Access

Article Excerpt
With Asian destinations eager to rebuild their business travel base following the severe acute respiratory syndrome outbreak, three major global hotel companies-Accor, Hilton International and Intercontinental Hotels Group--this summer took the lead in announcing aggressive expansion plans in the region.

For travel managers, the message behind these post-SARS developments was twofolds Hotels are extremely eager for their business and, consequently, the opportunities to negotiate aggressive rates and cost-saving value-adds are plentiful.

Prior to the virus outbreak, the pace of Asian hotel investment was thriving. Jones Lang LaSalle, a consulting firm that tracks Asia hotel sales from its regional office in Singapore, recorded 21 major transactions worth $670 million across the region in 2002.

"Japan and Hong...

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