Skip to Main Content

About ACCOR

Accor est l'hospitalité. France's Accor is one of the world's leading hotel operators and the market leader in Europe. Present in more than 100 countries, it owns or manages more than 4,800 hotels worldwide. Its hotel brands range from luxury to budget and include Sofitel (upscale), Mercure (mid-scale), ibis (economy), and hotelF1 (budget). About 47% of its hotel rooms are located in Europe; 30% are in Asia/Pacific; 9% are in Africa and the Middle East; 8% are in South America; and 5% are in the Caribbean, North America, and Central America. The bulk of its hotels are managed and franchised rather than owned outright. Revenues come from fees Accor collects from its hotels. The company was founded in 1967.

Financial Performance

In the period between 2015 and 2018 Accor's revenues increased steadily year-over-year after a dip between 2014 and 2015. Profits grew slowly from 2014 to 2015 and 2015 to 2016 before jumping significantly in 2017 and 2018. Accor has benefited from cutting costs and expanding in China and the luxury hotels market.

Revenue increased from €2.77 billion in 2017 to €3.61 in 2018, driven by growing business worldwide. In particular, robust demand from travelers in key regions including France and Brazil contributed to growth.

Net profit increased from €446 million in 2017 to €2.23 billion in 2018. The sale of the majority of AccorInvest for some €4.6 billion in 2018 created a more asset-light profile, made Accor's cost structure leaner, and improved profits.

At the end of 2018 Accor had €2.82 billion in cash and cash equivalents. Cash from operations was €680 million while cash from investing activities was €1.52. The company used €373 million in financing activities. 

Strategy

In 2018 Accor sold the majority of AccorInvest, which housed nearly all of its owned and leased hotels. It made the sale to achieve a more asset-light group and refocus on hotels operated under management and franchise agreements. (Accor still holds some 42% of the capital of AccorInvest, which is no longer included in its financial statements, and the two maintain a relationship through partnership agreements.) The company's new asset-light profile includes managed hotels (60% of rooms) and franchised hotels (33%), and to a lesser extent owned and leased hotels (7%). The sale also rebalanced the weight of the various regions and segments in favor of emerging countries and the luxury segment.

Going forward the company operates through three segments: Hotel Services (management and franchise agreements), Hotel Assets (owned and leased), and New Businesses (acquisitions to diversify its offerings). Some 40% of the company's rooms are economy, 34% are mid-scale, and 26% are luxury and premium.

Accor continues to expand through acquisitions. In 2018, it purchased Mantra (an Australian mid-scale hotel and resort company); Mövenpick Hotels (Switzerland-based high-end hotel operator), and Atton Hoteles (operator of hotels in Chile, Peru, Columbia, and Florida). In order to diversify its assets also that year it acquired Gekko (hotel bookings for business travelers), ResDiary (restaurant bookings), and Adoria (supply management and meal preparation optimization solutions for restaurants).

ACCOR

82 RUE HENRY FARMAN
Issy-les-Moulineaux 92130
Phone: 33 01 46 42 91 93

Stats

Employer Type: Publicly Owned
Chairman and CEO: Sébastien Bazin
Vice Chairman: Iris Knobloch
CFO: Jean-Jacques Morin

Major Office Locations

Issy-les-Moulineaux,

Other Locations

Redwood City, CA
Santa Monica, CA
Washington, DC
Doral, FL
Middleburg, FL
Sunny Isles Beach, FL
Kamuela, HI
Chicago, IL
Park Ridge, IL
Saugus, MA
Kansas City, MO
Princeton, NJ
New York, NY
Philadelphia, PA
Seattle, WA
Venezia, Italy
Cardiff, Wales
Banff, Canada
Brampton, Canada
Calgary, Canada
Canmore, Canada
Edmonton, Canada
Jasper, Canada
Lake Louise, Canada
La Malbaie, Canada
Moncton, Canada
Montebello, Canada
Montréal, Canada
Ottawa, Canada
Quebec, Canada
Richmond, Canada
St Andrews, Canada
Toronto, Canada
Vancouver, Canada
Victoria, Canada
Whistler, Canada
Winnipeg, Canada
Aix En Provence, France
Aix Les Bains, France
Amiens, France
Angers, France
Angoulins, France
Annecy, France
Argonay, France
Arras, France
Aubervilliers, France
Aulnay Sous Bois, France
Avignon, France
Bagnolet, France
Balaruc Les Bains, France
Bayonne, France
Beauvais, France
Belfort, France
Besancon, France
Beynost, France
Beziers, France
Blagnac, France
Blois, France
Bollene, France
Bordeaux, France
Boulogne Sur Mer, France
Bourg Les Valence, France
Bretigny Sur Orge, France
Bron, France
Bucheres, France
Cabourg, France
Cabries, France
Caluire Et Cuire, France
Cannes, France
Carquefou, France
Chalons En Champagne, France
Chambery, France
Chambray Les Tours, France
Charenton Le Pont, France
Charleville Mezieres, France
Chartres, France
Chasseneuil Du Poitou, France
Chaumont, France
Chenove, France
Cherbourg-En-Cotentin, France
Chilly Mazarin, France
Cholet, France
Clermont Ferrand, France
Clichy, France
Clichy Sous Bois, France
Collegien, France
Colmar, France
Coquelles, France
Courbevoie, France
Courcouronnes, France
Creteil, France
Crosne, France
Dardilly, France
Dijon, France
Dunkerque, France
Ecuisses, France
Ennetieres En Weppes, France
Epone, France
Evry, France
Eysines, France
Ferney Voltaire, France
Flers En Escrebieux, France
Fontainebleau, France
Frejus, France
Gap, France
Gennevilliers, France
Gentilly, France
Gieres, France
Glisy, France
Gonfreville L'Orcher, France
Grande Synthe, France
Grenoble, France
Haubourdin, France
Haulchin, France
Hyeres, France
Issy Les Moulineaux, France
Jasseron, France
Labege, France
La Grande Motte, France
La Seyne Sur Mer, France
Lattes, France
La Valette Du Var, France
Le Chesnay, France
Le Coudray, France
Les Belleville, France
Les Pennes Mirabeau, France
Les Sables D Olonne, France
Les Ulis, France
Le Touquet Paris Plage, France
Lievin, France
Lille, France
Limoges, France
Lormont, France
L' Union, France
Lyon, France
Manosque, France
Marignane, France
Marseille, France
Martigues, France
Massy, France
Merignac, France
Metz, France
Meyreuil, France
Mons En Baroeul, France
Montauban, France
Montbeliard, France
Montigny Le Bretonneux, France
Montpellier, France
Montreuil, France
Montrouge, France
Moret-Loing-Et-Orvanne, France
Mouans Sartoux, France
Mougins, France
Nancy, France
Nanterre, France
Nantes, France
Narbonne, France
Nice, France
Nimes, France
Olivet, France
Orleans, France
Orly, France
Ormoy, France
Oullins, France
Pantin, France
Paray Vieille Poste, France
Paris, France
Perpignan, France
Plaisir, France
Ramonville-Saint-Agne, France
Rennes, France
Roissy En France, France
Rosny Sous Bois, France
Roubaix, France
Rouen, France
Rubelles, France
Rueil Malmaison, France
Rungis, France
Saint Aunes, France
Saint Barthelemy D'Anjou, France
Saint Cergues, France
Saint Contest, France
Saint Denis, France
Saintes, France
Saint Etienne, France
Saint Etienne Du Rouvray, France
Saint Gratien, France
Saint Louis, France
Saint Martin Boulogne, France
Saint Ouen, France
Saint Priest, France
Saint Saturnin, France
Saint Witz, France
Sarcelles, France
Sens, France
Sevres, France
Solaize, France
Soorts Hossegor, France
Sorgues, France
Stains, France
Strasbourg, France
Sucy-En-Brie, France
Suresnes, France
Thonon Les Bains, France
Tilloy Les Mofflaines, France
Toulon, France
Toulouse, France
Tregueux, France
Tremblay En France, France
Trignac, France
Vallauris, France
Vannes, France
Vanves, France
Varennes Vauzelles, France
Velizy Villacoublay, France
Venette, France
Venissieux, France
Versailles, France
Villemomble, France
Villenave D Ornon, France
Villeneuve D Ascq, France
Villeneuve Loubet, France
Villepinte, France
Villerbon, France
Viry, France
Vitrolles, France
Vitry Sur Seine, France
Wasquehal, France
Yutz, France
Yzeure, France
Bregenz, Austria
Graz, Austria
Innsbruck, Austria
Linz, Austria
Salzburg, Austria
Schwechat, Austria
Wals-Himmelreich, Austria
Wien, Austria
Antwerpen, Belgium
Brugge, Belgium
Brussel, Belgium
Bruxelles, Belgium
Gent, Belgium
Grimbergen, Belgium
Holsbeek, Belgium
Leuven, Belgium
Luik, Belgium
Machelen (Bt.), Belgium
Mechelen, Belgium
Namen, Belgium
Sint-Pieters-Leeuw, Belgium
Wavre, Belgium
Birmingham, England
Bristol, England
Coventry, England
Doncaster, England
Hayes, England
Hull, England
Ipswich, England
Knebworth, England
Leeds, England
Leicester, England
Lincoln, England
Liverpool, England
London, England
Manchester, England
Newcastle-Upon-Tyne, England
Nottingham, England
Plymouth, England
Portsmouth, England
Preston, England
Sheffield, England
Southampton, England
West Drayton, England
Wolverhampton, England
York, England
Glasgow, Scotland
Bratislava 1 - Staré Mesto, Slovakia
Basel, Switzerland
Genève, Switzerland
Zürich, Switzerland