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Accor is a prominent global hospitality group founded in 1967 and headquartered in France. The company operates over 5,400 hotels across more than 110 countries, offering more than 1 million rooms under 45+ hotel brands that range from luxury to economy. Accor's diverse portfolio includes well-known brands such as Sofitel, Raffles, Fairmont, Novotel, and ibis, as well as 10,000 restaurants and bars, wellness centers, and coworking spaces.
Accor has a rich history of innovation in the hospitality industry, beginning with the launch of its first Novotel hotel in Lille, France. The company has expanded significantly over the decades, acquiring various brands and diversifying its services to include catering, leisure tourism, and travel management. Accor emphasizes sustainability and personalized guest experiences, making it a leader in the hospitality sector. The company is publicly listed on Euronext Paris and continues to adapt to changing market demands with initiatives like partnerships in lifestyle brands and urban mobility projects.
Sodexo is one of the largest food service companies globally, operating in 45 countries with annual sales of more than EUR 20 billion. Sodexo's model rests on operating on-premises catering facilities, rather than centralized industrial kitchens. Food services remains the largest business segment, contributing 66% of revenue in 2024. Sodexo has its own group purchasing organization, or GPO, Entegra, with annual purchasing of over EUR 37 billion. The company spun off its benefits and service business, Pluxee, and now focuses on food services and its second business, facilities-management services.