Accor, the world's largest hotel group, plans to spend US$236 million on expanding its network in the burgeoning China travel market, the Standard of Hong Kong reported. Paris-listed Accor has 21 hotels under development on the Mainland scheduled to open between 2005 and 2008, eight to be invested by Accor itself, said Brian Deeson, chief executive for China. The company opened its first China hotel in Guangzhou in 1988 and now operates 29 mainland hotels under the names Sofitel, Novotel, Mercure, Ibis and Formule 1.
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