Accor says to have 50 hotels in India by 2012

Gilles Pelisson, Chief executive of French hotel group Accor, attends the company's 2008 annual results presentation in La Defense near Paris in this Feb 25, 2009 file photo. Accor, which currently operates 5 hotels in India, has committed total investment of $130 million so far, it said in a statement.

Accor has said China and India would be main target markets in Asia. Most of the hotels it builds would have the "Ibis" brand, targeted at budget travellers, it has said.

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