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1.4. MILESTONES

1967

-Paul Dubrule and Gérard Pélisson create SIEH. -First Novotel hotel opens in Lille.

1974

-First ibis hotel opens in Bordeaux. -Acquisition of Courtepaille.

1975

-Acquisition of Mercure.

1976

-Hotel operations are launched in Brazil.

-Ticket Restaurant® meal vouchers introduced in Brazil, Italy, Germany, Belgium and Spain.

1980

-Acquisition of Sofitel (43 hotels and two seawater spas).

1981

-Initial public offering of SIEH shares on the Paris Bourse. -Start-up of Services operations in Mexico.

1982

-Acquisition of Jacques Borel International, European leader in managed food services (Générale de Restauration) and concession restaurants (Café Route, L’Arche), and world leader in the issuance of meal vouchers (Ticket Restaurant®), with 165million vouchers a year distributed in eight countries.

1983

-Creation of Accor following the merger of Novotel SIEH Group and Jacques Borel International.

1985

-Creation of Formule1, a new hotel concept based on particularly innovative construction and management techniques.

-Creation of Académie Accor, France’s first corporate university for service activities.

-Acquisition of Lenôtre, which owns and manages caterer boutiques, gourmet restaurants and a cooking school.

1988

-100 new hotels and 250 restaurants are opened during the year, for an average of one opening a day.

-Start-up of Services operations in Argentina.

1989

-Formule1 expands outside France, with two properties in Belgium.

-Alliance formed with Groupe Lucien Barrière SAS to develop hotel-casino complexes.

1990

-Acquisition of the Motel6 chain in the United States, comprising 550 properties. With its global brands, Accor becomes the world’s leading hotel group, in terms of hotels directly owned or managed (excluding franchises).

-Ticket Restaurant® business launched in Venezuela.

1991

-Successful public offer for Compagnie Internationale des Wagons-Lits et du Tourisme, which is active in hotels (Pullman, PLM, Altea, Arcade), car rental (Europcar), Onboard Train Services (Wagons-Lits), travel agencies (Wagonlit Travel), managed food services (Eurest) and highway restaurants (Relais Autoroute).

-Creation of Etap Hotel.

1993

-Accor Asia Pacific Corp. is created by the merger of Accor’s Asia-Pacific businesses with Quality Pacific Corp.

-Interest acquired in the Pannonia chain (24hotels), as part of Hungary’s privatization program.

-Services business starts up operations in Czech Republic, Austria and Luxembourg.

1994

-Partnership between Carlson and Wagonlit Travel in business travel services.

-Ticket Restaurant® introduced in Slovakia, Uruguay and Hungary.

1995

-Eurest is sold to Compass, making Accor the largest shareholder in the world’s leading food services Company.

-Disposal of 80% of the concession restaurants business.

-Introduction of an extensive training and communication program to improve environmental protection.

1996

-Accor becomes the market leader in the Asia-Pacific region, with 144hotels in 16countries and 56projects under construction.