Accor Logo-Accor is a French hotel group,part of the CAC 40 index,which operates in over 91 countries.Headquartered in Paris, France, the group owns,operates and franchises 4,200 hotels on five continents representing several diverse brands, from budget and economy lodgings to luxurious accommodations in exotic locales.
Previously, the group comprised a separate hotels branch (Accor Hospitality – whose activities are now the group’s core business) and a corporate services branch (Accor Services). Accor Services sold service vouchers to over 430,000 companies and institutions and 30 million users in 40 countries. The company demerged its Accor Services unit in 2010 under the name Edenred.
In 2006, Gilles Pélisson, nephew of Accor co-founder Gerard Pélisson, took over the group as CEO, replacing former CEO Jean-Marc Espalioux.Accor appointed Serge Weinberg, head of Weinberg Capital Partners, chairman of the supervisory board. In February 2009, CEO Gilles Pélisson was appointed chairman and CEO.Gilles Pélisson had previously been head of Bouygues Telecom, chairman of NOOS[disambiguation needed], the leading cable network in France, and CEO of Euro Disney. He was co-vice-president of the Novotel brand in 1994. In September 2007, Gerard Pélisson and Paul Dubrule published a book called Reaching for the Impossible, recounting the expansion of the Group across the world. In 2009, Denis Hennequin joined the Group’s board of directors and replaced Gilles Pélisson as CEO in January 2011.