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Accor est l'hospitalité. The company is one of the world's leading hotel operators, owning or managing almost 4,000 properties in 90 countries throughout the world. It serves travelers through its upscale brands Lenôtre and Sofitel, as well as its midscale Novotel, Mercure, and Suitehotel, and economy chains Ibis and Formule 1. In North America it operates budget brands Motel 6 and Red Roof Inns. Accor also owns a 29% stake in resorts operator Club Méditerranée, and 34% of casino hotel company Groupe Lucien Barrière. In addition, Accor operates or owns stakes in several hospitality and food services; its Accor services unit provides outsourced benefits services to more than 340,000 corporate customers.
Key numbers for fiscal year ending December, 2006:
Sales: $10,029.3M
One year growth: 11.1%
Net income: $661.0M
Income growth: 67.6%
Officers:
Company Perspectives:
With 158,000 people in 140 countries, Accor is the European leader and a global operator in its two core businesses, Hotels and Services. It also operates in travel agencies, casinos, restaurants, and onboard train services.
Key Dates:
? 1967: Gérard Pelisson and Paul Dubrule open the first Novotel hotel.
? 1973: Sphere S.A. is created as a holding company.
? 1974: The first Ibis hotel is opened.
? 1975: The Mercure hotel chain is acquired.
? 1979: Novotel opens its first U.S. hotel in Minneapolis.
? 1980: Novotel-SIEH acquires a stake in Jacques Borel International, owner of Sofitel hotels.
? 1982: Novotel-SIEH becomes the sole owner of the Sofitel chain.
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