Accor is a prominent global hospitality group founded in 1967 and headquartered in France. The company operates over 5,400 hotels across more than 110 countries, offering more than 1 million rooms under 45+ hotel brands that range from luxury to economy. Accor's diverse portfolio includes well-known brands such as Sofitel, Raffles, Fairmont, Novotel, and ibis, as well as 10,000 restaurants and bars, wellness centers, and coworking spaces.
Accor has a rich history of innovation in the hospitality industry, beginning with the launch of its first Novotel hotel in Lille, France. The company has expanded significantly over the decades, acquiring various brands and diversifying its services to include catering, leisure tourism, and travel management. Accor emphasizes sustainability and personalized guest experiences, making it a leader in the hospitality sector. The company is publicly listed on Euronext Paris and continues to adapt to changing market demands with initiatives like partnerships in lifestyle brands and urban mobility projects.
Accor operates 850,285 rooms across nearly 50 brands, addressing the economy through luxury segments as of December 2024. Ibis (economy scale) is the largest brand (18% of total rooms at the end of 2024), followed by midscale brands Mercure (16%) and Novotel (13%). FRHI offers additional luxury and North American exposure. After the sale of the majority of HotelInvest (owned assets) in 2018-19, the majority of total EBITDA comes from asset-light managed and franchised hotels. Europe and North Africa represent 42% of rooms, Asia-Pacific 35%, the Americas 12%, and India, Middle East, and Africa 11%. Premium, midscale, and economy are 84% of total rooms, while luxury andmore