ACRFF Accor S.A. operates in hotels and services s

ACRFF Accor S.A. operates in hotels and services sector worldwide. It provides luxury and upscale, midscale, economy, and budget hotel services. The company operates approximately 4,000 hotels in 90 countries under the Sofitel, Pullman, MGallery, Novotel, Mercure, Suitehotel, Ibis, all seasons, Etap Hotel, Formule 1, and Motel 6 names. The company also designs, develops, and manages prepaid products and services in employee and public benefits, rewards and loyalty, and expense management to corporate clients and public institutions. In addition, the company engages in the tourism business, which includes travel operations and restaurants under the Accor Thalassa, Lenotre, and Compagnie des Wagons-Lits names, as well as operates casinos. Markets The company conducts its operations in Europe, Africa and the Middle East, North America, Latin America and Caribbean, and the Asia Pacific. In November 2009, Accor SA has opened two new hotels, one Ibis and one Novotel, in Buenos Aires. Accor is having conversations with potential partners to open new similar hotels in Rosario, Cordoba, Mar del Plata and Buenos Aires. Competition The company’s major competitors include Intercontinental (IHG); Marriott; NH Hoteles; Sodexo; Sol Melia; Starwood; and Whitbread. History Accor S.A. was founded in 1967.