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Wikipedia

Accor

Accor S.A. is a French multinational hospitality company that owns, manages and franchises hotels, resorts and vacation properties.[5] It is the largest hospitality company in Europe, and the sixth largest hospitality company worldwide.[6]

Accor S.A.
Company typePublic (Société anonyme)
ISINFR0000120404 
IndustryHospitality
Founded1967; 57 years ago (1967)[1]
Paris, France
Founders
HeadquartersTour Sequana, ,
Number of locations
5,584 (end 2023)[2]
Area served
Worldwide
Key people
Sébastien Bazin (Chairman and CEO)[1]
Brands
Revenue 5.1 billion (2023)[2]
779 million (2023)[2]
633 million (2023)[2]
Total assets11.7 billion (2022)[3]
Total equity5.4 billion (2022)[3]
Number of employees
300,000+ (2022)[4]
Websitegroup.accor.com

Accor operates 5,584 locations in over 110 countries. Its total capacity is approximately 821,518 rooms (end 2023).[2] It owns and operates brands in many segments of hospitality: Luxury (Raffles, Fairmont, Sofitel), premium (MGallery, Pullman, Swissôtel), midscale (Novotel, Mercure, Adagio), and economy (ibis, hotelF1). Accor also owns companies specialized in digital hospitality and event organization, such as onefinestay, D-Edge, ResDiary, John Paul, Potel & Chabot and Wojo.[4]

The company is headquartered in Issy-les-Moulineaux, France, and is a constituent of the CAC Next 20 index on the Paris stock exchange.[1]

History edit

 
Tour Sequana, the headquarters of Accor in Issy-les-Moulineaux

From Novotel to Accor edit

In 1967, Paul Dubrule and Gérard Pélisson founded the hospitality group Société d'investissement et d'exploitation hôteliers (SIEH) and opened the first Novotel hotel outside Lille in northern France.[7][8]

In 1974, the first Ibis hotel was launched in Bordeaux, France. Ibis was then considered a light version of Novotel.[9] In 1975, Novotel-SIEH acquired the restaurant brand Courtepaille and the Mercure hotels. In 1980, Novotel-SIEH acquired the Sofitel hotels (43 hotels).[10] In 1981, Novotel-SIEH entered the Asian market with the opening of a Novotel in Singapore.[11]

1983: Birth of Accor edit

In 1983, Novotel-SIEH acquired and merged with the group Jacques Borel International to create the Accor group, which was introduced to the Paris stock exchange the same year.[7] Accor is based on the word "Accord" meaning "agreement" in French.[12]

In 1984, Accor bought the Quiberon thalassotherapy center, which became the first of the Thalasso Sea & Spa brand,[13] and acquired the fine catering company Lenôtre the following year.[14] In 1985, the firm launched Formule 1, a brand of low-cost hotels. The buildings themselves were modular blocks manufactured in factories and assembled onsite to minimise costs.[15]

In 1990, the firm acquired the economy lodging company Motel 6 (536 motels in the United States).[12] In 1991, it acquired the Compagnie Internationale des Wagons-Lits, which owned Pullman Hotels and Resorts, Altea, and Europcar.[16] Accor also launched another economy hotel, Etap Hotel.[17] In 1994, it merged the Compagnie Internationale des Wagons-Lits with Carlson Travel Network to create Carlson Wagonlit Travel (now CWT).[18][19]

"Asset-light" realignment edit

In the mid-90s, Accor shifted its interest towards luxury and premium brands, and moved towards an asset-light model to focus on brand and product management, rather than property management. Economy and midscale brands remained the group's cash cow and enabled it to invest in less profitable but strategic upscale and luxury brands.[20]

In 1997, the firm acquired the casino company SPIC, which became Accor Casino.[17] In 1999, it acquired the US-based economy lodging company Red Roof Inn (322 hotels), and announced the creation of Accor Economy Lodging to bring Motel 6 and Red Roof Inn under one roof.[21] Along with Colony Capital, it acquired the hotel brands Libertel and Demeure (40 properties in Europe).[22] Accor settled in the United Kingdom with the opening of a Sofitel in the previous Cox & Co bank in Central London.[23]

Accor launched the 3-star hotel brand SuiteHotel in 1999.[24] In 2000, Accor took full control of Century International Hotels and Zenith Hotels International in Asia, bringing its number of hotels to 200 in the Asia-Pacific zone.[25] The Sofitel Philadelphia (former Philadelphia Stock Exchange Building) was inaugurated, the first Sofitel to open in the US in a decade.[26] Accor bought 20% of the Polish hotel company Orbis.[27] In 2002, Accor settled in Mexico.[28] In 2004, Accor bought a 28.9% stake in the French all-inclusive holidays' company Club Méditerranée.[29]

In 2005, Gilles Pélisson, nephew of Accor's co-founder Gérard Pélisson, became chairman and CEO.[30] The investment firm Colony Capital invested 1 billion euros in Accor.[31] The firm sold its shares of Club Med in 2006[32] and Red Roof Inn in 2007.[33]

New multi-brand strategy edit

In 2007, Accor launched the serviced-apartments brand Adagio in a 50/50 venture with Pierre & Vacances,[34] relaunched Pullman as a premium hotel brand,[35] and the Australian All Seasons as a global midscale hotel brand. In 2008, it launched the MGallery collection of upscale "personality" hotels.[36]

In November 2010, Gilles Pélisson was replaced by Denis Hennequin as the head of Accor.[30] Accor split its hotel activities from its voucher activities, Accor Services (which became Edenred and was listed on the stock exchange).[37] Suitehotel was merged with Novotel.[38]

In 2011, Accor revamped the Ibis brand by creating ibis Styles (formerly All Seasons) and ibis budget (formerly Etap Hotel).[39] The group sold the fine catering group Lenôtre,[40] and the Compagnie Internationale des Wagons-Lits. In 2012, the group launched the regional premium brand Grand Mercure in China (MeiJue),[41] and sold Motel 6.[42] In 2013, Accor redefined its group business model on two core competencies: hotel operator and brand franchisor (HotelServices), and hotel owner and investor (HotelInvest).[43] The group acquired the premier apartment hotel brand The Sebel.[44]

In August 2013, Sébastien Bazin became chairman and CEO of Accor.[45] He introduced a new economic model around two poles: HotelServices, which operates and franchises hotels, and HotelInvest, which owns hotels and leads investments.[46]

In 2014, Accor bought a 35% share in Mama Shelter (5 hotels) whose chief designer is Philippe Starck,[34] and signed a strategic alliance with the China Lodging Group (Huazhu Hotels Group - 1900 hotels) to develop its hotel brands in China.[47]

Lifestyle hospitality edit

In June 2015, Accor changed its name to AccorHotels and announced a new digital strategy to federate its brands.[48]

The firm acquired FRHI Hotels & Resorts in 2015, owner of the Fairmont, Raffles, and Swissôtel luxury hotels.[49] In 2016, AccorHotels acquired the concierge and loyalty service John Paul,[50] the London-based short-term vacation rental company onefinestay,[51] 30% of the German 25hours Hotels, and 30% of the Miami-based accommodations provider Oasis.[52] The firm also launched Jo&Joe in 2016, a new hotel brand aimed at millennials,[53] and signed a strategic alliance with Singapore's Banyan Tree.[54] HotelInvest was spun off.[55] In 2017, AccorHotels acquired the B2B hotel service provider Gekko,[56] the private sales website for hotel deals VeryChic,[57] and merged Squarebreak and Travel Keys into onefinestay,[58] and launched the MoodMatch app on its website through a partnership with Travelsify.[59] In 2017, AccorHotels also acquired 50% of the Orient Express brand in a move to relaunch it as a luxury hotel brand.[60] In 2017, the group announced its strategic intention (dubbed Accor Local) to broaden its marketing to locals, instead of targeting only visitors and travelers.[61] It also diversified its portfolio of assets with the acquisition of the fine catering company Potel & Chabot,[62] and the event and entertainment organization company Noctis (renamed Paris Society).[63] In 2018, AccorHotels sold 55% of HotelInvest for €4.4 billion and renaming it AccorInvest[64] and launched a tender offer to take full control of Orbis.[65] It acquired the Mantra Group (134 hotels under the brands Mantra, Peppers, Breakfree, Art Series),[66] the Mövenpick Hotels & Resorts (84 hotels in 27 countries),[67] and the restaurant reservation and table management company ResDiary.[68] AccorHotels partnered with Katara Hospitality to set up a $1-billion Africa-focused investment fund.[69] China Lodging Group bought 4.5% of AccorHotels.[70]

In 2019, AccorHotels changed its name back to Accor and launched a new loyalty program, ALL, for "Accor Live Limitless".[71]

The 21c Museum Hotels acquired the previous year were added to the MGallery collection.[72] Its digital marketing companies for hotels (Availpro, Fastbooking) were merged into D-Edge Hospitality Solutions.[73] The group took full control of Orbis (Its subsidiary AccorInvest acquired 98.6% shares of Orbis).[74] Accor launched the new midscale hotel brand Tribe (born under the Mantra Group Management).[75] After buying 50% of the SBE Entertainment Group (owner of Mondrian Hotels) in October 2018, Accor and SBE jointly launched the luxury hotel brand The House of Originals,[76] and the premium hotel brand Hyde in Australia.[77] In September 2019, Accor launched its first environment-conscious hotel brand, greet, with the first hotel opened in April that year in Beaune.[78] On 3 December 2019, Accor repositioned its brand as ALL - Accor Live Limitless. The update merged Accor and its loyalty offering Le Club into one unified brand, ALL.

In the wake of the COVID-19 pandemic, Accor created CEDA (Coronavirus Emergency Desk Accor), a platform centralizing needs and providing accommodation solutions in France for front-line medical staff and vulnerable populations.[79] The group allocated 70 million euros to launch the ALL Heartist Fund which was designed to assist employees and individual partners experiencing great financial difficulties.[80] Accor and the certification agency Bureau Veritas launched a label guaranteeing high safety and cleanliness measures in the group's hotels and restaurants,[81] and signed a strategic partnership with the insurance company Axa to provide medical assistance to the guests of its hotels worldwide.[82]

In 2020, Accor opened more than 200 new hotels including its flagship Raffles Bali.[83] On 24 November 2020, it announced that it is taking full ownership of SBE's Hotel assets (except Hudson Hotel in New York and Delano in Miami) as part of its simplification and asset-light strategy.[84] It introduced Mövenpick Living as an extension of Mövenpick brand for extended stay segment.[85] The company announced its strategic plan to focus on lifestyle hospitality.[86] In 2021, Accor introduced the SPAC Accor Acquisition Company (AAC) on the Paris stock exchange, raising 300 million euros to lead investments in hotel-related businesses,[87] sold a 1.5% share in the Chinese hotel management company Huazhu,[88] and invested in the Indian tech hospitality company Treebo.[89] In October 2021, Qatar's Supreme Committee for Delivery & Legacy had signed an agreement with Accor to manage World Cup fan accommodation during the 2022 FIFA World Cup. According to the agreement Accor will provide staff to manage and operate more than 60,000 rooms in apartments and villas.[90] The same month, Accor and Ennismore finalized their joint-venture of 14 hotel brands. Accor was the majority stakeholder (then sold 10.8% to a consortium of Qatari investors[91]), and the founder of Ennismore Sharan Pasricha held a minority stake.[92] Accor and the Italian hotel group Arsenale announced the launch of the La Dolce Vita Orient Express luxury trains.[93] and the groups started to test urban autonomous cars with Citroën and JCDecaux.[94] Accor committed to decarbonize all its operations, aiming 46% emission reduction by 2030 and net zero by 2050, a plan validated by the Science Based Targets Initiative.[95] The group then issued its first sustainability-linked bonds for an amount of 700 million euros.[96]

In 2022, Accor bought Cunard's Queen Elizabeth 2 from PCFC Hotels[97] and launched its All-Inclusive Collection.[98] In 2023, Accor restructured into two distinct business units: "Economy, Midscale & Premium" unit (Ibis, Novotel, Mercure, Swissôtel, Mövenpick, Pullman, TRIBE from October 2023) and the "Luxury & Lifestyle" organized in four brand collections (Raffles & Orient Express, Fairmont, Sofitel & MGallery, Ennismore).[99] The group sold its remaining stake in H World Group Limited[100] and announced the launch of Orient Express Silenseas, a luxury cruise built with Chantiers de l'Atlantique and planned for delivery March 2026.[101] The construction of the first ship started in March 2024[102][103]

Brands edit

Hotel brands[104]
Segment Since Name Partner
Luxury 2017 Banyan Tree Hôtels and Resorts Banyan Tree Holdings
2021 Emblems Collection
2021 Faena
2023 Savoy
2015 Fairmont Hotels and Resorts FRHI Hotels & Resorts
2019 Orient Express
2015 Raffles Hotels and Resorts FRHI Hotels & Resorts
2017 Rixos Rixos Hotels
1980 Sofitel
2007 Sofitel Legend
Premium 2017 Angsana Banyan Tree Holdings
2018 Art Series Mantra Group
2012 Grand Mercure
2018 Mantis Mantis Group
2008 MGallery
2018 Mövenpick
2018 Peppers Mantra Group
2007 Pullman
2015 Swissôtel FRHI Hotels & Resorts
2013 The Sebel
Midscale 2007 Aparthotel Adagio
2018 Mantra Mantra Group
1973 Mercure
1967 Novotel
2018/2023 Tribe Mantra Group/Ennismore
Economy 2011 Adagio access
2018 BreakFree Mantra Group
2019 greet
1984 hotelF1
1974 ibis
2011 ibis budget
2011 ibis Styles
Segment Name
Ennismore

joint-venture[92]

21c Museum Hotels
25 Hours
Delano
Gleneagles
Hyde
Jo&Joe
Mama Shelter
Mondrian
Morgans Originals
SLS
SO/
The Hoxton
Tribe (2021–2023)
working from_
Other brands[104]
Brand Description Since
D-Edge Hospitality Solutions SaaS company for hotels 2015
John Paul White label concierge services, affinity marketing and event management 2016
onefinestay Mobile application for short-term rentals of upscale apartments and houses 2016
Gekko B2B hotel distribution platform 2017
Mamaworks Coworking spaces in France and Luxembourg 2017
Paris Society Organization of events and entertainment 2017
Potel & Chabot Upscale catering 2017
Verychic Private sales of hotels and luxury stays 2017
Adoria Platform for the catering industry to optimize supply management 2018
Astore Hotel/restaurant purchase platform 2018
ResDiary Reservation and management of restaurant tables 2018
Wojo Coworking spaces (within the group's hotels) 2018
Thalassa[104] Spa 1984
Orient Express[60] Luxury travels 2017
Lido[105] Cabaret 2022

Financial results edit

Financial results [3]
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Revenue 5,948 6,100 5,649 5,425 5,454 5,581 1,646 1,937 3,610 4,049 1,621 2,204 4,224 5,056
Net income 3600 27 (599) 126 223 244 265 441 2,233 464 (1,988) 85 392 633
Shareholders
Jinjiang International 12.8%
Qatar Investment Authority 8.5%
Kingdom Holding Co. (Investment Management) 6.2%
Parvus Asset Management 6.8%
Pzena Investment Management 7.2%
Floating 68.5%

Management edit

Board of directors as of January 2022:

  • Sébastien Bazin (chairman and CEO since 2013)[45]
  • Iris Knobloch (vice-chairman since 2016)[106]
  • Asma Abdulrahman Al-Khulaifi (director)[107]
  • Ugo Arzani (director)[107]
  • Hélène Auriol Potier (independent director)[107]
  • Iliane Dumas (director representing employees)
  • Qiong'Er Jiang (director)[107]
  • Anne-Laure Kiechel (independent director since May 2023)[108]
  • Bruno Pavlovsky (independent director)[109]
  • Nicolas Sarkozy (independent director since 2017)[110]
  • Christine Serre (director representing employees)
  • Isabelle Simon (independent director)
  • Samad Zok (director)

See also edit

References edit

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  103. ^ https://www.meretmarine.com/fr/construction-navale/les-chantiers-de-l-atlantique-lancent-la-construction-du-paquebot-a-voiles-d-orient-express
  104. ^ a b c "Accor brands" (PDF). Accor. September 2021. Retrieved 7 November 2021.
  105. ^ "Sodexo seals deal to sell Paris cabaret Le Lido to Accor". Reuters. 3 December 2021.
  106. ^ "AccorHotels : Nominations au Conseil d'administration - TendanceHotellerie". www.tendancehotellerie.fr. 28 July 2016. from the original on 3 August 2016. Retrieved 20 January 2022.
  107. ^ a b c d "Accor : Informations concernant les administrateurs proposés à la nomination ou au renouvellement". www.zonebourse.com (in French). 28 April 2022. Retrieved 3 February 2024.
  108. ^ "Accor : Va soumettre la nomination de Mme Anne-Laure Kiechel". BFM Bourse (in French). 27 March 2023. Retrieved 3 February 2024.
  109. ^ "Le Conseil d'administration d'Accor propose deux nominations". Hospitality ON (in French). Retrieved 4 February 2024.
  110. ^ Khan, Mehreen (21 February 2017). "Nicolas Sarkozy joins AccorHotel's board of directors". Financial Times. Retrieved 20 January 2022.

External links edit

  Media related to Accor at Wikimedia Commons

  • Official website
  • Company data on Forbes

accor, french, multinational, hospitality, company, that, owns, manages, franchises, hotels, resorts, vacation, properties, largest, hospitality, company, europe, sixth, largest, hospitality, company, worldwide, company, typepublic, société, anonyme, traded, a. Accor S A is a French multinational hospitality company that owns manages and franchises hotels resorts and vacation properties 5 It is the largest hospitality company in Europe and the sixth largest hospitality company worldwide 6 Accor S A Company typePublic Societe anonyme Traded asEuronext Paris ACLSE 0H59FWB ACRFWB ACR1 ADR OTC Pink Limited ACRFFOTC Pink Limited ACCYY ADR CAC Next 20 componentISINFR0000120404 IndustryHospitalityFounded1967 57 years ago 1967 1 Paris FranceFoundersGerard PelissonPaul DubruleHeadquartersTour Sequana Issy les Moulineaux 1 FranceNumber of locations5 584 end 2023 2 Area servedWorldwideKey peopleSebastien Bazin Chairman and CEO 1 BrandsLuxury RafflesOrient ExpressEmblems CollectionFaenaBanyan Tree Hotels and ResortsSofitel LegendFairmontSofitelThe House of OriginalsRixosonefinestayPremium MantisMGalleryArt SeriesPullmanSwissotelAngsanaMovenpickGrand MercurePeppersThe SebelAdagio premiumHandwritten Collection Midscale MantraNovotelMercureAdagioTribe Economy Breakfreeibisibis Stylesibis BudgethotelF1greetAdagio access Ennismore 21c Museum Hotels25 HoursDelanoGleneaglesHydeJo amp JoeMama ShelterMondrianMorgans OriginalsSLSSO The HoxtonTribeWorking from Revenue 5 1 billion 2023 2 Operating income 779 million 2023 2 Net income 633 million 2023 2 Total assets 11 7 billion 2022 3 Total equity 5 4 billion 2022 3 Number of employees300 000 2022 4 Websitegroup accor com Accor operates 5 584 locations in over 110 countries Its total capacity is approximately 821 518 rooms end 2023 2 It owns and operates brands in many segments of hospitality Luxury Raffles Fairmont Sofitel premium MGallery Pullman Swissotel midscale Novotel Mercure Adagio and economy ibis hotelF1 Accor also owns companies specialized in digital hospitality and event organization such as onefinestay D Edge ResDiary John Paul Potel amp Chabot and Wojo 4 The company is headquartered in Issy les Moulineaux France and is a constituent of the CAC Next 20 index on the Paris stock exchange 1 Contents 1 History 1 1 From Novotel to Accor 1 2 1983 Birth of Accor 1 3 Asset light realignment 1 4 New multi brand strategy 1 5 Lifestyle hospitality 2 Brands 3 Financial results 4 Management 5 See also 6 References 7 External linksHistory edit nbsp Tour Sequana the headquarters of Accor in Issy les Moulineaux From Novotel to Accor edit In 1967 Paul Dubrule and Gerard Pelisson founded the hospitality group Societe d investissement et d exploitation hoteliers SIEH and opened the first Novotel hotel outside Lille in northern France 7 8 In 1974 the first Ibis hotel was launched in Bordeaux France Ibis was then considered a light version of Novotel 9 In 1975 Novotel SIEH acquired the restaurant brand Courtepaille and the Mercure hotels In 1980 Novotel SIEH acquired the Sofitel hotels 43 hotels 10 In 1981 Novotel SIEH entered the Asian market with the opening of a Novotel in Singapore 11 1983 Birth of Accor edit In 1983 Novotel SIEH acquired and merged with the group Jacques Borel International to create the Accor group which was introduced to the Paris stock exchange the same year 7 Accor is based on the word Accord meaning agreement in French 12 In 1984 Accor bought the Quiberon thalassotherapy center which became the first of the Thalasso Sea amp Spa brand 13 and acquired the fine catering company Lenotre the following year 14 In 1985 the firm launched Formule 1 a brand of low cost hotels The buildings themselves were modular blocks manufactured in factories and assembled onsite to minimise costs 15 In 1990 the firm acquired the economy lodging company Motel 6 536 motels in the United States 12 In 1991 it acquired the Compagnie Internationale des Wagons Lits which owned Pullman Hotels and Resorts Altea and Europcar 16 Accor also launched another economy hotel Etap Hotel 17 In 1994 it merged the Compagnie Internationale des Wagons Lits with Carlson Travel Network to create Carlson Wagonlit Travel now CWT 18 19 Asset light realignment edit In the mid 90s Accor shifted its interest towards luxury and premium brands and moved towards an asset light model to focus on brand and product management rather than property management Economy and midscale brands remained the group s cash cow and enabled it to invest in less profitable but strategic upscale and luxury brands 20 In 1997 the firm acquired the casino company SPIC which became Accor Casino 17 In 1999 it acquired the US based economy lodging company Red Roof Inn 322 hotels and announced the creation of Accor Economy Lodging to bring Motel 6 and Red Roof Inn under one roof 21 Along with Colony Capital it acquired the hotel brands Libertel and Demeure 40 properties in Europe 22 Accor settled in the United Kingdom with the opening of a Sofitel in the previous Cox amp Co bank in Central London 23 Accor launched the 3 star hotel brand SuiteHotel in 1999 24 In 2000 Accor took full control of Century International Hotels and Zenith Hotels International in Asia bringing its number of hotels to 200 in the Asia Pacific zone 25 The Sofitel Philadelphia former Philadelphia Stock Exchange Building was inaugurated the first Sofitel to open in the US in a decade 26 Accor bought 20 of the Polish hotel company Orbis 27 In 2002 Accor settled in Mexico 28 In 2004 Accor bought a 28 9 stake in the French all inclusive holidays company Club Mediterranee 29 In 2005 Gilles Pelisson nephew of Accor s co founder Gerard Pelisson became chairman and CEO 30 The investment firm Colony Capital invested 1 billion euros in Accor 31 The firm sold its shares of Club Med in 2006 32 and Red Roof Inn in 2007 33 New multi brand strategy edit In 2007 Accor launched the serviced apartments brand Adagio in a 50 50 venture with Pierre amp Vacances 34 relaunched Pullman as a premium hotel brand 35 and the Australian All Seasons as a global midscale hotel brand In 2008 it launched the MGallery collection of upscale personality hotels 36 In November 2010 Gilles Pelisson was replaced by Denis Hennequin as the head of Accor 30 Accor split its hotel activities from its voucher activities Accor Services which became Edenred and was listed on the stock exchange 37 Suitehotel was merged with Novotel 38 In 2011 Accor revamped the Ibis brand by creating ibis Styles formerly All Seasons and ibis budget formerly Etap Hotel 39 The group sold the fine catering group Lenotre 40 and the Compagnie Internationale des Wagons Lits In 2012 the group launched the regional premium brand Grand Mercure in China MeiJue 41 and sold Motel 6 42 In 2013 Accor redefined its group business model on two core competencies hotel operator and brand franchisor HotelServices and hotel owner and investor HotelInvest 43 The group acquired the premier apartment hotel brand The Sebel 44 In August 2013 Sebastien Bazin became chairman and CEO of Accor 45 He introduced a new economic model around two poles HotelServices which operates and franchises hotels and HotelInvest which owns hotels and leads investments 46 In 2014 Accor bought a 35 share in Mama Shelter 5 hotels whose chief designer is Philippe Starck 34 and signed a strategic alliance with the China Lodging Group Huazhu Hotels Group 1900 hotels to develop its hotel brands in China 47 Lifestyle hospitality edit In June 2015 Accor changed its name to AccorHotels and announced a new digital strategy to federate its brands 48 The firm acquired FRHI Hotels amp Resorts in 2015 owner of the Fairmont Raffles and Swissotel luxury hotels 49 In 2016 AccorHotels acquired the concierge and loyalty service John Paul 50 the London based short term vacation rental company onefinestay 51 30 of the German 25hours Hotels and 30 of the Miami based accommodations provider Oasis 52 The firm also launched Jo amp Joe in 2016 a new hotel brand aimed at millennials 53 and signed a strategic alliance with Singapore s Banyan Tree 54 HotelInvest was spun off 55 In 2017 AccorHotels acquired the B2B hotel service provider Gekko 56 the private sales website for hotel deals VeryChic 57 and merged Squarebreak and Travel Keys into onefinestay 58 and launched the MoodMatch app on its website through a partnership with Travelsify 59 In 2017 AccorHotels also acquired 50 of the Orient Express brand in a move to relaunch it as a luxury hotel brand 60 In 2017 the group announced its strategic intention dubbed Accor Local to broaden its marketing to locals instead of targeting only visitors and travelers 61 It also diversified its portfolio of assets with the acquisition of the fine catering company Potel amp Chabot 62 and the event and entertainment organization company Noctis renamed Paris Society 63 In 2018 AccorHotels sold 55 of HotelInvest for 4 4 billion and renaming it AccorInvest 64 and launched a tender offer to take full control of Orbis 65 It acquired the Mantra Group 134 hotels under the brands Mantra Peppers Breakfree Art Series 66 the Movenpick Hotels amp Resorts 84 hotels in 27 countries 67 and the restaurant reservation and table management company ResDiary 68 AccorHotels partnered with Katara Hospitality to set up a 1 billion Africa focused investment fund 69 China Lodging Group bought 4 5 of AccorHotels 70 In 2019 AccorHotels changed its name back to Accor and launched a new loyalty program ALL for Accor Live Limitless 71 The 21c Museum Hotels acquired the previous year were added to the MGallery collection 72 Its digital marketing companies for hotels Availpro Fastbooking were merged into D Edge Hospitality Solutions 73 The group took full control of Orbis Its subsidiary AccorInvest acquired 98 6 shares of Orbis 74 Accor launched the new midscale hotel brand Tribe born under the Mantra Group Management 75 After buying 50 of the SBE Entertainment Group owner of Mondrian Hotels in October 2018 Accor and SBE jointly launched the luxury hotel brand The House of Originals 76 and the premium hotel brand Hyde in Australia 77 In September 2019 Accor launched its first environment conscious hotel brand greet with the first hotel opened in April that year in Beaune 78 On 3 December 2019 Accor repositioned its brand as ALL Accor Live Limitless The update merged Accor and its loyalty offering Le Club into one unified brand ALL In the wake of the COVID 19 pandemic Accor created CEDA Coronavirus Emergency Desk Accor a platform centralizing needs and providing accommodation solutions in France for front line medical staff and vulnerable populations 79 The group allocated 70 million euros to launch the ALL Heartist Fund which was designed to assist employees and individual partners experiencing great financial difficulties 80 Accor and the certification agency Bureau Veritas launched a label guaranteeing high safety and cleanliness measures in the group s hotels and restaurants 81 and signed a strategic partnership with the insurance company Axa to provide medical assistance to the guests of its hotels worldwide 82 In 2020 Accor opened more than 200 new hotels including its flagship Raffles Bali 83 On 24 November 2020 it announced that it is taking full ownership of SBE s Hotel assets except Hudson Hotel in New York and Delano in Miami as part of its simplification and asset light strategy 84 It introduced Movenpick Living as an extension of Movenpick brand for extended stay segment 85 The company announced its strategic plan to focus on lifestyle hospitality 86 In 2021 Accor introduced the SPAC Accor Acquisition Company AAC on the Paris stock exchange raising 300 million euros to lead investments in hotel related businesses 87 sold a 1 5 share in the Chinese hotel management company Huazhu 88 and invested in the Indian tech hospitality company Treebo 89 In October 2021 Qatar s Supreme Committee for Delivery amp Legacy had signed an agreement with Accor to manage World Cup fan accommodation during the 2022 FIFA World Cup According to the agreement Accor will provide staff to manage and operate more than 60 000 rooms in apartments and villas 90 The same month Accor and Ennismore finalized their joint venture of 14 hotel brands Accor was the majority stakeholder then sold 10 8 to a consortium of Qatari investors 91 and the founder of Ennismore Sharan Pasricha held a minority stake 92 Accor and the Italian hotel group Arsenale announced the launch of the La Dolce Vita Orient Express luxury trains 93 and the groups started to test urban autonomous cars with Citroen and JCDecaux 94 Accor committed to decarbonize all its operations aiming 46 emission reduction by 2030 and net zero by 2050 a plan validated by the Science Based Targets Initiative 95 The group then issued its first sustainability linked bonds for an amount of 700 million euros 96 In 2022 Accor bought Cunard s Queen Elizabeth 2 from PCFC Hotels 97 and launched its All Inclusive Collection 98 In 2023 Accor restructured into two distinct business units Economy Midscale amp Premium unit Ibis Novotel Mercure Swissotel Movenpick Pullman TRIBE from October 2023 and the Luxury amp Lifestyle organized in four brand collections Raffles amp Orient Express Fairmont Sofitel amp MGallery Ennismore 99 The group sold its remaining stake in H World Group Limited 100 and announced the launch of Orient Express Silenseas a luxury cruise built with Chantiers de l Atlantique and planned for delivery March 2026 101 The construction of the first ship started in March 2024 102 103 Brands editHotel brands 104 Segment Since Name Partner Luxury 2017 Banyan Tree Hotels and Resorts Banyan Tree Holdings 2021 Emblems Collection 2021 Faena 2023 Savoy 2015 Fairmont Hotels and Resorts FRHI Hotels amp Resorts 2019 Orient Express 2015 Raffles Hotels and Resorts FRHI Hotels amp Resorts 2017 Rixos Rixos Hotels 1980 Sofitel 2007 Sofitel Legend Premium 2017 Angsana Banyan Tree Holdings 2018 Art Series Mantra Group 2012 Grand Mercure 2018 Mantis Mantis Group 2008 MGallery 2018 Movenpick 2018 Peppers Mantra Group 2007 Pullman 2015 Swissotel FRHI Hotels amp Resorts 2013 The Sebel Midscale 2007 Aparthotel Adagio 2018 Mantra Mantra Group 1973 Mercure 1967 Novotel 2018 2023 Tribe Mantra Group Ennismore Economy 2011 Adagio access 2018 BreakFree Mantra Group 2019 greet 1984 hotelF1 1974 ibis 2011 ibis budget 2011 ibis Styles Segment Name Ennismore joint venture 92 21c Museum Hotels 25 Hours Delano Gleneagles Hyde Jo amp Joe Mama Shelter Mondrian Morgans Originals SLS SO The Hoxton Tribe 2021 2023 working from Other brands 104 Brand Description Since D Edge Hospitality Solutions SaaS company for hotels 2015 John Paul White label concierge services affinity marketing and event management 2016 onefinestay Mobile application for short term rentals of upscale apartments and houses 2016 Gekko B2B hotel distribution platform 2017 Mamaworks Coworking spaces in France and Luxembourg 2017 Paris Society Organization of events and entertainment 2017 Potel amp Chabot Upscale catering 2017 Verychic Private sales of hotels and luxury stays 2017 Adoria Platform for the catering industry to optimize supply management 2018 Astore Hotel restaurant purchase platform 2018 ResDiary Reservation and management of restaurant tables 2018 Wojo Coworking spaces within the group s hotels 2018 Thalassa 104 Spa 1984 Orient Express 60 Luxury travels 2017 Lido 105 Cabaret 2022Financial results editFinancial results 3 Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Revenue 5 948 6 100 5 649 5 425 5 454 5 581 1 646 1 937 3 610 4 049 1 621 2 204 4 224 5 056 Net income 3600 27 599 126 223 244 265 441 2 233 464 1 988 85 392 633 Shareholders Jinjiang International 12 8 Qatar Investment Authority 8 5 Kingdom Holding Co Investment Management 6 2 Parvus Asset Management 6 8 Pzena Investment Management 7 2 Floating 68 5 Management editBoard of directors as of January 2022 Sebastien Bazin chairman and CEO since 2013 45 Iris Knobloch vice chairman since 2016 106 Asma Abdulrahman Al Khulaifi director 107 Ugo Arzani director 107 Helene Auriol Potier independent director 107 Iliane Dumas director representing employees Qiong Er Jiang director 107 Anne Laure Kiechel independent director since May 2023 108 Bruno Pavlovsky independent director 109 Nicolas Sarkozy independent director since 2017 110 Christine Serre director representing employees Isabelle Simon independent director Samad Zok director See also edit nbsp Hotels portal Accor Arena venue in Paris Accor Stadium venue in SydneyReferences edit a b c d Accor Forbes Archived from the original on 17 July 2011 Retrieved 6 April 2020 a b c d e Full year 2023 results Accor 22 February 2024 Retrieved 23 February 2024 a b c Key indicators Accor 2022 Retrieved 15 March 2022 a b Accor Overview Accor com Retrieved 15 March 2022 Accor S A bloomberg com Retrieved 12 September 2019 Deanna Ting 10 April 2019 Is Accor the Next Starwood What s Next for Hotel Mergers Skift com Retrieved 8 September 2019 a b Luciano Segreto Carles Manera Manfred Pohl 1 April 2009 Europe at the Seaside The Economic History of Mass Tourism in the Mediterranean Berghahn Books ISBN 9781845459116 Hotel chains Cd hotel ch Retrieved 8 September 2019 Gerard Pelisson Hospitality on com Retrieved 9 September 2019 Hall of Fame Member Britishtravelandhospitalityhalloffame com Archived from the original on 26 September 2015 Retrieved 9 September 2019 Accor will manage Apollo Hotel Singapore Hotel online com 1 October 1999 Retrieved 9 September 2019 a b Jacques Neher 24 July 1990 Accor is gambling on U S motels The New York Times Our history Accor com French gourmet pastry chef Gaston Lenotre dies aged 88 France24 com 1 August 2009 Retrieved 9 September 2019 Chan Kim Renee Mauborgne 1996 Value innovation The strategic logic of high growth PDF Nuffieldinternational org Retrieved 9 September 2019 Delanglade Sabine 24 November 1994 Accor une etoile palit Lexpress fr in French a b Renard Gourdon Florence 29 June 2010 SAGA Accor un geant ne en 1967 Lesechos fr in French King Danny 23 June 2014 Carlson to take full ownership of Carlson Wagonlit Travel Travel Weekly Carlson Announces It Will Take Full Ownership of Carlson Wagonlit Travel Press release Business Wire 22 June 2014 French Accor Announces 1995 Results Hospitalitynet org 25 April 1996 Retrieved 8 September 2019 Accor to acquire Red Roof Inns Marketwatch com 12 July 1999 Retrieved 8 September 2019 Regultation n4064 89 PDF Europa eu 8 September 1999 Retrieved 9 September 2019 Lucy Baker 26 August 1999 Bank to be turned into luxury hotel Independent co uk Archived from the original on 3 May 2019 Retrieved 9 September 2019 Accor lanza la marca Suitehotel para el mercado europeo Las adquisiciones y fusiones en las cadenas de hoteleras PDF Mdp edu ar in Spanish Retrieved 9 September 2019 New Sofitel Philadelphia Makes Its Debut first new Sofitel developed by Accor in North America in more than 10 years Hospitalitynet org 1 May 2000 Retrieved 9 September 2019 Accor expands in Poland Thecaterer com 28 July 2000 Retrieved 9 September 2019 Accor el aliado frances de Mexico Expansion mx in Spanish 9 November 2007 Retrieved 9 September 2019 Nicola Clark 12 June 2004 Deal keeps struggling company under French management Accor buys stake in Club Med The New York Times Retrieved 9 September 2019 a b Asset light or asset right Economist com 11 November 2010 Retrieved 8 September 2019 Colony Capital invests 1bn in Accor Financial Times 9 March 2005 Retrieved 31 January 2022 Anita Likus Brian Lagrotteria 10 June 2006 Accor to Sell Most of Club Med Stake As Part of Revamp Wsj com Retrieved 9 September 2019 UPDATE 1 Accor sells Red Roof Inn unit for 1 32 bln Reuters com 23 April 2007 Retrieved 9 September 2019 a b Mama Shelter deal new territory for Accor Hotelnewsnow com 30 October 2014 Retrieved 8 September 2019 Mark Caswell 12 December 2007 Accor launches Pullman brand Businesstraveller com Retrieved 9 September 2019 Accor s MGallery brand to make UK debut Businesstraveller com 16 March 2011 Retrieved 9 September 2019 Accor demerger approved by shareholders Breakingtravelnews com 30 June 2010 Retrieved 9 September 2019 SuiteNovotel Accor fusionne Suitehotel et Novotel TourMaG com le media specialiste du tourisme francophone in French 20 May 2010 Retrieved 31 January 2022 Scott Carey 22 June 2012 Ibis accelerates megabrand revamp Businesstraveller com Retrieved 8 September 2019 Sodexo seen buying Lenotre unit from Accor report Reuters com 21 July 2011 Retrieved 8 September 2019 Accor claims its strong ambition for the luxury upscale segment and targets a network of 400 hotels by 2015 Hospitalitynet org 7 March 2013 Retrieved 8 September 2019 Accor to sell Motel 6 to Blackstone for 1 9 bln Reuters com 22 May 2012 Retrieved 8 September 2019 Mark Elliott 28 November 2013 Accor splits business into two Traveldailymedia com Retrieved 9 September 2019 Accor grows Sebel brand Hotelmanagement com au 13 September 2013 Retrieved 9 September 2019 a b UPDATE 3 Accor chooses Bazin to drive asset light hotels strategy Reuters com 27 August 2013 Retrieved 8 September 2019 in French Jean Bernard Litzler Sebastien Bazin divise Accor en deux pour mieux le reveiller Lefigaro fr 27 November 2013 Accor signs deal for China expansion Financial Times 14 December 2014 Retrieved 8 September 2019 Accor steps up digital push and changes name Reuters com 2 June 2015 Retrieved 8 September 2019 Jason Clampet 9 December 2015 Accor Buys Fairmont Raffles and Swissotel Brands for 2 9 Billion Skift com Retrieved 9 September 2019 Dan Peltier 17 November 2016 AccorHotels Acquires Majority Stake in Concierge and Loyalty Provider John Paul Skift com Retrieved 9 September 2019 Mark Scott 5 April 2016 AccorHotels of France Buys Onefinestay for 169 Million The New York Times Retrieved 9 September 2019 Deanna Ting 7 November 2016 AccorHotels Invests in Boutique Brand 25hours Hotels Skift com Retrieved 9 September 2019 Hannah Thompson 27 September 2016 AccorHotels launches Jo amp Joe brand to appeal to Millennials Bighospitality co uk Retrieved 9 September 2019 AccorHotels strengthens luxury hotels portfolio with Banyan Tree deal Reuters com 8 December 2016 Retrieved 9 September 2019 AccorHotels to spin off HotelInvest unit Hotelmanagement net 14 July 2016 Retrieved 9 September 2019 Sean O Neill 3 October 2017 AccorHotels Makes Acquisition to Deliver Other Hotel Brands to Travel Agencies Skift com Retrieved 8 September 2019 Fox Linda 4 April 2017 AccorHotels moves into private sales with acquisition of VeryChic Phocuswire Jena Tesse Fox 26 July 2017 AccorHotels combines Travel Keys Squarebreak and Onefinestay under one brand Hotelmanagement net Retrieved 9 September 2019 AccorHotels Was in the Mood for Another Acquisition and to Personalize Hotel Booking Skift com 4 April 2017 Retrieved 9 September 2019 a b Patrick Whyte 4 October 2017 AccorHotels Buys into Orient Express to Remake an Iconic Brand Skift com Retrieved 9 September 2019 Deanna Ting 23 February 2017 Accor CEO We Want to Transform the Way Everyone Uses Hotels Skift com Retrieved 8 September 2019 Paul Colston 28 March 2017 AccorHotels comes to the acquisition table for Potel amp Chabot C mw net Retrieved 9 September 2019 Accorhotels in talks about buying minority stake in Noctis Reuters com 15 May 2017 Retrieved 9 September 2019 Danny King 27 February 2018 Accor selling majority stake in real estate business Travelweekly com Retrieved 8 September 2019 Shakhil Shah 27 November 2018 Accor to buy Orbis CEE s largest hotel operator Emerging europe com Retrieved 9 September 2019 Carolyn Cummins 31 May 2018 AccorHotels expands footprint with 1 2b Mantra deal Sydney Morning Herald Retrieved 9 September 2019 AccorHotels agrees to buy Movenpick Hotels for 560m Swiss francs Businesstimes com sg 30 April 2018 Retrieved 9 September 2019 AccorHotels acquires ResDiary a leading platform for restaurant reservation amp table management Hospitalitynet org 10 April 2018 Retrieved 9 September 2019 Accor and Katara Hospitality set up 1 bln Africa focused investment fund Reuters com 22 July 2018 Retrieved 8 September 2019 China Lodging buys 4 5 stake in AccorHotels RevPAR up by 13 7 in Q1 Chinatravelnews com 22 May 2018 Raini Hamdi 21 February 2019 Accor Rebrands and Launches a New Loyalty Program Skift com Retrieved 8 September 2019 Jena Tesse Fox 19 March 2019 Uniting brands Accor brings MGallery to North America Hotelmanagement net Retrieved 9 September 2019 D EDGE Hospitality Solutions The Marriage of Technology amp Marketing Ehotelier com 7 March 2019 Retrieved 9 September 2019 Jena tesse Fox 21 January 2019 AccorHotels updates Orbis acquisition plans Hotelmanagement net Retrieved 9 September 2019 Jena Tesse Fox 4 May 2019 Accor announces new lifestyle brand Tribe Hotelmanagement net Retrieved 8 September 2019 Jenni Reid 6 March 2019 Accor and SBE launch luxury hotel brand House of Originals Businesstraveller com Retrieved 8 September 2019 Accor and sbe to introduce Hyde brand in Australia Businesstraveller com 26 March 2019 Retrieved 9 September 2019 Essentials that make sense group accor com Retrieved 10 December 2020 in French CEDA Online la solution HCorpo d Accor pour le personnel soignant Tourmag com 17 April 2020 in French Mathilde Visseyrias Coronavirus Accor cree un fonds de soutien avec ses dividendes Lefigaro fr 2 February 2020 Accor launches the Cleanliness amp Prevention ALLSAFE label Hospitalitynet org 18 May 2020 Accor s partnership with AXA provides free medical support for guests Globetrender 28 December 2020 Retrieved 16 September 2021 Notable openings from the first half of the year group accor com Retrieved 10 December 2020 Accor takes full ownership of sbe hotel brands group accor com Retrieved 10 December 2020 Movenpick adds more top locations group accor com Retrieved 10 December 2020 Cameron Sperance Accor s European Hotel Exposure Drives Staggering 2 4 Billion 2020 Loss Skift com 24 February 2021 Accor Announces Its Intention To Sponsor A Corporate SPAC Targeting Activities Adjacent To Its Core Hotel Business Hospitalitynet org 20 May 2021 Hotels group Accor sells 1 5 stake in Huazhu Group for 239 mln euros Nasdaq com 19 February 2021 Treebo raises 16 million Series D funding from Accor and others The Economic Times Retrieved 16 September 2021 Mills Andrew 28 October 2021 Qatar signs deal with Accor to manage World Cup fan accommodation Reuters Retrieved 30 October 2021 Simon Elaine Yetzer 21 June 2022 Accor looks to sell 10 8 interest in Ennismore Hospitality Investor www hospitalityinvestor com Retrieved 23 February 2024 a b Whyte Patrick 4 October 2021 Accor and Ennismore complete lifestyle merger Hospitality Investor Retrieved 10 November 2023 Haydock David 30 December 2021 Accor and Arsenale launch luxury trains in Italy International Railway Journal Retrieved 22 October 2023 Linda Fox Accor partners with Citroen on autonomous urban future Phocuswire com 29 September 2021 Accor Commits to Reaching Net Zero Emissions by 2050 www hotelnewsresource com 29 December 2022 Retrieved 10 November 2023 Accor announces the success of its inaugural Sustainability Linked Bond Insights 23 November 2021 Retrieved 10 November 2023 Jelski Christina 11 May 2022 Accor to operate QE2 hotel in Dubai Travel Weekly Retrieved 10 August 2023 Accor announces global launch of its All Inclusive Collection Accor Group 4 May 2022 Limone Jerry 6 July 2022 Accor will reorganize its hotel brands www travelweekly com Retrieved 10 November 2023 Accor sells its shares in H World Group Limited Hospitality ON 19 January 2023 Retrieved 10 November 2023 L Orient Express Silenseas le plus grand voilier du monde sera construit a Saint Nazaire France 3 Pays de la Loire in French 1 December 2023 Retrieved 23 February 2024 https chantiers atlantique com presse quadruple evenement ce jeudi 28 mars 2024 a chantiers de latlantique https www meretmarine com fr construction navale les chantiers de l atlantique lancent la construction du paquebot a voiles d orient express a b c Accor brands PDF Accor September 2021 Retrieved 7 November 2021 Sodexo seals deal to sell Paris cabaret Le Lido to Accor Reuters 3 December 2021 AccorHotels Nominations au Conseil d administration TendanceHotellerie www tendancehotellerie fr 28 July 2016 Archived from the original on 3 August 2016 Retrieved 20 January 2022 a b c d Accor Informations concernant les administrateurs proposes a la nomination ou au renouvellement www zonebourse com in French 28 April 2022 Retrieved 3 February 2024 Accor Va soumettre la nomination de Mme Anne Laure Kiechel BFM Bourse in French 27 March 2023 Retrieved 3 February 2024 Le Conseil d administration d Accor propose deux nominations Hospitality ON in French Retrieved 4 February 2024 Khan Mehreen 21 February 2017 Nicolas Sarkozy joins AccorHotel s board of directors Financial Times Retrieved 20 January 2022 External links edit nbsp Media related to Accor at Wikimedia Commons Official website Company data on Forbes Retrieved from https en wikipedia org w index php title Accor amp oldid 1220695833, wikipedia, wiki, book, books, library,

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