Accor

Accor S.A. is a French multinational hospitality company and the largest hospitality group in Europe, ranking as the sixth-largest hospitality company worldwide. Founded in 1967 by Paul Dubrule and Gerard Pelisson, the company has grown from a single Novotel property outside Lille to a global portfolio of over 5,700 hotels and resorts across more than 110 countries with approximately 850,000 rooms.

The company operates through two primary business divisions: Premium, Midscale & Economy (including brands like Ibis, Novotel, Mercure, Swissotel, Movenpick, Pullman, and TRIBE) and Luxury & Lifestyle organized through Ennismore (including Raffles, Orient Express, Fairmont, Sofitel, MGallery, The Hoxton, Mondrian, and SLS among others). This dual structure allows Accor to serve every segment of the hospitality market from budget travelers to ultra-luxury guests.

Under CEO Sebastien Bazin's leadership since 2013, Accor has undergone a remarkable transformation from a 'sleepy' French hotel company to a global giant in leisure and travel. Key strategic moves include the 2016 acquisition of Fairmont, Raffles, and Swissotel for $2.7 billion, and the 2024 partnership with LVMH to jointly develop the Orient Express luxury travel brand. In 2024, Accor celebrated milestone anniversaries for two iconic brands: the 60th anniversary of Sofitel and the 50th anniversary of ibis.

Accor generated over 5.6 billion euros in revenue and more than 1.1 billion euros in recurring EBITDA for 2024. The company employs more than 360,000 people globally and continues aggressive expansion, opening 293 new hotels adding 50,000 rooms in 2024 alone, with a pipeline of 225,000 rooms across 1,315 hotels under development.