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Accor's top boss said during a Thursday earnings call that the hotel group will benefit as the middle class expands in India and beyond in the next several years.
Accor's top boss said Thursday that the hotel group will benefit as the middle class expands, especially in India.
"Demography is probably what drives us the most," said CEO Sébastien Bazin during an earnings call. "What's most important ... is the increase of the emerging middle-class population, which went up one billion in the last 10 years, half of those from India. Those are the preferred targets for Ibis, Mercure, and many of the hotels in our co