ADVERTISEMENT
French multinational hospitality group Accor is set to open two ultra-luxurious Raffles hotels in India – one in Udaipur and another in Jaipur.
Accor, which bought FRHI Hotels & Resorts and its three luxury hotel brands: Fairmont, Raffles and Swissôtel in 2016, said the first of the two hotels will open in Udaipur in 2020. The property is built on a 21-acre private island on the Udai Sagar lake and will have 101 lake-facing rooms and suites with private pools, Accor said at a press conference in Mumbai on Wednesday.
Raffles Jaipur, which will be built as a set of private residences and courtyards adjacent to the larger hotel complex that currently houses the Fairmont Jaipur, will start operations by 2022.
August 2025
As India continues to be the world’s fastest-growing major economy, Fortune India presents its special issue on the nation’s Top 100 Billionaires. Curated in partnership with Waterfield Advisors, this year’s list reflects a slight decline in the number of dollar billionaires—from 185 to 182—even as the entry threshold for the Top 100 rose to ₹24,283 crore, up from ₹22,739 crore last year. From stalwarts like Mukesh Ambani, Gautam Adani, and the Mistry family, who continue to lead the list, to major gainers such as Sunil Mittal and Kumar Mangalam Birla, the issue goes beyond the numbers to explore the resilience, ambition, and strategic foresight that define India’s wealth creators. Read their compelling stories in the latest issue of Fortune India. On stands now.
The Raffles brand, which is Accor’s top offering in the luxury segment, currently has only 13 hotels around the globe in buzzing cities like Paris, Singapore and Istanbul.
“We are seeing increasing demand for luxury travel in India and are looking forward to expanding Accor’s globally renowned portfolio of luxury brands in this incredible country,” said Jean-Michel Casse, chief operating officer (COO) of Accor, India and South Asia said.
The announcement of Raffles Udaipur and Raffles Jaipur is only a step in Accor’s larger strategy for India. Accor, which also offers economy brands like Ibis and Novotel, currently has 51 properties in India. Sebastien Bazin, chairman and CEO of Accor said the company is planning to ramp up their presence in the country and is looking to add around 24 hotels in the next two to three years.
It’s not just Accor, but new-age hospitality companies like AirBnB are rapidly expanding their footprint in India as well. However, it doesn’t worry Bazin.
“I thought it would be damaging for the industry some years ago, but now I know that we kept growing and they kept growing. So there is enough space for many people to be successful. And I think they made Accor better,” says Bazin, adding that Accor is also looking to offer a digital platform for its hospitality offerings.
Fortune India is now on WhatsApp! Get the latest updates from the world of business and economy delivered straight to your phone. Subscribe now.