Paris-based Accor will be moving its Luxury and Upscale marketing operations from Paris, France, to Singapore as it looks to capitalise on the continued growth in Asia Pacific. The company said in its media release that the move signalled the growing importance of Asia Pacific in these segments and, with Asian consumers accounting for almost half of its global luxury sales, it hoped the move would bring new insights for its business unit. Accor has its headquarters in Paris, but has a business presence in 92 countries. In Asia Pacific, Chairman and CEO of Accor Asia Pacific Michael Issenberg said it has more than 170 luxury and upscale hotels, with over 70 under development. "This means that Accor will open, on average, a new luxury and upscale hotel in Asia Pacific every month for the next five years." Get the full story at Channel News Asia