Accor's 300-hotel target by 2030 was never going to hinge on Treebo alone, but the exit strips out the one partner that gave the joint venture genuine reach into the tier-two and tier-three towns.
Treebo exited the deal due to strategic differences and the need for greater flexibility in its expansion plans.
Accor aims to open 300 hotels in India by 2030.
Treebo's exit removes a key partner that provided reach into tier-two and tier-three towns.
These towns represent significant growth opportunities for hotel expansion in India.