Mövenpick Hotels & Resorts has announced plans of 11 new hotel projects across nine countries bringing the company’s total number of operating and planned hotels worldwide to 100.

The new hotels are in France, Egypt, Tunisia, Morocco, China, Indonesia, Malaysia, Bangladesh and Thailand.

The upscale hotel company of Swiss heritage now has 69 hotels in operation and 31 in development of which nine will open this year.

“We have always believed in growth, but at a sustainable pace. In every region from Europe and Africa to the Middle East and Asia we have carefully consolidated our developments to maintain a balanced portfolio distribution that ensures decision-making is effective, resources are efficiently utilised and development is sustainable,” said Jean Gabriel Pérès, president and chief executive officer of Mövenpick Hotels & Resorts.

“In a challenging economic environment it is vital to have a reliable business model that is stress resistant to constant change,” Pérès said. “This has been the foundation of our success in recent years and the philosophy that has helped us achieve the milestone of 100 hotel projects in a sustainable way.” – TradeArabia News Service