Economic stability drew Louvre Hotels Group to Germany, exec says

10/1/2013 |

Germany's economic stability compared with that of other countries in the region was the basis for Louvre Hotels Group's decision to ramp up expansion in the country, says Matthieu Evrard, Louvre's chief development officer. "Central Europe is relatively healthy, so that makes it easier for us," Evrard said. "We are talking about mature economies, stable, with good workforce and lots of industry. The world is facing serious economic challenges, so when you have a stable economy before you, you have to give it a serious look." The hospitality group recently announced its new partnership with real-estate firm ARCUS Bauerrichtung GmbH and consulting agency Redserve, with a goal of developing 26 hotels in Germany, Switzerland and Austria by 2020.

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