Consumer Discretionary
France
Accor SA is a global hotel operator and franchisor headquartered in France, operating an asset-light model across economy, midscale, premium, and luxury segments. Its portfolio includes brands such as Raffles, Fairmont, Sofitel, Pullman, Novotel, Mercure, and ibis, with a significant footprint in Europe and growing exposure in the Middle East, Africa, and Asia-Pacific. The company generates fees from management and franchise contracts, supported by centralized marketing, distribution, and procurement services for owners. Accor’s ALL – Accor Live Limitless loyalty ecosystem underpins customer acquisition and retention and supports owner signings and conversions.