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.