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Home > Company Index > Conglomerates > Conglomerates > Accor

Accor
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 NEWS FROM THE STANDARD
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Aug 14 2000 12:00 AM PDT

 PROFILE
Accor est l'hospitalité. The company is one of the world's leading hotel operators, owning or managing some 3,600 properties throughout the world in all price ranges. Hotel Sofitel is its primary entrant in the luxury market, but the company's strength lies in its moderate and budget brands, which include Etap Hotel, Ibis, and Formule 1, as well as US-based Motel 6 and Red Roof Inns. The firm is also a leading distributor of service vouchers, which provide prepaid access to restaurants, transportation, child care, medical care, and other services. Other lines of business include casino operations and catering. Accor owns 50% of Carlson Wagonlit Travel, one of the largest travel agencies in the world.

 COMPETITION
American Express Company (AXP)
Hilton Group plc (HLTGY)
Six Continents PLC (SXC)

 DEALS
Deal: WorldRes Receives $7 Million in Funding
Date Announced: 04.02.01
Value of transaction (US $Mil): 7
Description: Web-based hotel reservation network closes funding round led by Accor.

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 6,596.40
1-Yr. Sales Growth: 7.3%
Employees: 145,000
Revenue per employee: $45,492.41

 KEY PEOPLE
• Jean-Marc Espalioux
    CEO
• Benjamin Cohen
    CFO

 CONTACT INFO
2, rue de la Mare Neuve
91021 Evry Cedex, France
Phone: 33-1-69-36-80-80
Fax: 33-1-69-36-79-00
Online: Web Site

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