Hotel growth likely to be biggest in Asia-Pacific

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The Independent Online

Yann Caillère, chief operating officer of the Accor hotels giant, has predicted that Asia-Pacific will be the sector's biggest market by 2021.

Asia-Pacific is currently the third biggest market, though Mr Caillère said that it was likely to overtake second-placed North America within three years. Europe was likely to hold on to the top spot for only a few years after that, as the boom in Asia's business and tourism sectors increased demand for hotels.