Accor-InterGlobe Eye IPO to Scale 300 Hotels by 2030

Accor Hospitality and InterGlobe Enterprises jointly working towards building an additional 300 Hotels throughout India by 2030 have begun to consider whether it will publicly list in their joint hospitality platform and the associated business.

By this advancement, the two companies will largely be transitioning away from solely working under a management-led model and towards a dual-management and asset ownership model.

Key Highlights

• Accor and InterGlobe are exploring an IPO for their joint hotel venture.
• The partnership is shifting to an asset ownership and investment model.
• Accor reported record signings and expanded its luxury portfolio in India.

Ranju Alex, CEO – South Asia, Accor, stated that both partners are currently analyzing the potential for a public listing due to the large appetite in the market for the new combined hospitality platform where the platform will own, operate and invest in assets; The partners formed a strong alliance together last year to create a singular hospitality platform to grow Accor-branded hotels across the country.

India has become a significant growth market for Accor. In 2025, Accor signed a record number of hotel contracts in the region with almost 4,000 rooms added to Accor’s portfolio of hotels, while the hotel revenue per available room (RevPAR) increased by 12% compared to previous year.

Additionally, Accor continued to grow its luxury brand portfolio with the opening of regions such as Fairmont Udaipur Palace and Fairmont Mumbai.

As Accor continues developing and evolving its premium lifestyle brands under the Ennismore umbrella, there will also be restaurant and beverage brands established within the Indian Market (e.g., The Hoxton) and provide a critical component in contributing to Accor's overall Growth in Revenue and locations globally.