| Global hotel, tourism and services group, Accor, has moved to strengthen
        the synergies in its Asia Pacific operations by appointing senior executive
        Michael Issenberg to the position of Managing Director for the full region. 
         Issenberg has been Managing Director of Accor's Australia, New Zealand,
        South Pacific and Japan operations for over five years, and was previously
        Chief Executive Officer. During this time, the company has grown to become
        the largest and most successful group in that region, with 110 hotels (over 
        twice the size of its nearest competitor), as well as a range of tourism and
        services businesses. 
         Kim Mooney, who is currently Chief Financial Officer for Australia/New
        Zealand/South Pacific/Japan, will also have his responsibilities expanded to 
        cover the full Asia Pacific region. 
         The appointment follows the announcement that Accor Asia Pacific Deputy
        Chairman, Jochen Dobel, who has been in charge of Asia region for the past
        three years, will return to Germany as President of Dorint Hotels. Accor
        recently acquired a 30% interest in Dorint AG, which operates 93 hotels, 77 
        of them in Germany. 
         Announcing the new positions, Accor Asia Pacific Chairman, David
        Baffsky, said that the appointments were significant: "Maximising the strengths of
        the whole Asia Pacific region is a priority, and the appointment of Michael
        Issenberg as Managing Director of the Asia Pacific region reflects that 
        priority," he said. 
         "While the new appointments will integrate the geographic divisions within
        the Asia Pacific region, we will also be focusing on providing country-based
        resources to cater for the individual market conditions that apply in each
        country." 
         Mr Baffsky praised the contribution of Jochen Dobel, saying that under his
        leadership Accor had made major advances throughout the Asia region. "He
        will be a great asset to Accor in Germany because of his ability to run a very
        efficient and financially-sound operation. His outstanding work in Asia has 
        provided a very solid platform on which to build our business further in the
        region." 
         Accor operates over 200 hotels and resorts in 15 countries across the Asia
        Pacific region under brands such as Sofitel, Novotel, Mercure, Ibis and Formule 1.
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