For more than 40 years, Accor has constantly reinvented its businesses to keep pace with the world around it, with the goal of providing innovative, high-quality products to Hospitality and Services customers. In Hospitality, Accor's ambition is to be the world leader in economy and midscale hotels and a major player in the upscale segment, with a portfolio of powerful, easy-to-identify brands. These brands are now federated under the Accor Hospitality banner. Accor Services designs, develops and manages innovative solutions that improve the performance of corporate and public institution customers thanks to easy-to-use products that cover a growing range of needs. Accor services is the world's leading issuer of service vouchers. In this report, we will first make an executive summary with the key points and the key figures of the company Accor. Then we will make a brief presentation of the company and of the 2006 annual report. We will also talk about the management of the group Accor, that is to say the way the company is lead, its strategy and all the ensuing risks and problems.
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