Accor realigns Asian units

Accor realigns Asian units

SYDNEY, Australia (AP): Hotel group Accor Asia Pacific on Monday will announce it is restructuring its Asian operations as part of a possible review of assets and investments.

"We think it's time to rationalize and centralize and regroup," Chairman David Baffsky said. "It's time for us to be a little more focused on where the big developments are."

"It will very emphatically signal the significance of Asia and our intention to divert resources to it," he said.

There was over development in Thailand, Jakarta, but not in the rest of Indonesia, and the Philippines, Baffsky said.

The company operates 124 hotels with more than 24,000 rooms in the Asia-Pacific region.

The move to restructure its Asian operations could be connected with its review of assets and investments.