Accor Services Gains Leadership of the Meal Voucher Market in the Czech Republic With the Acquisition of Local Operator Exit Group

Accor Services Gains Leadership of the Meal Voucher Market in the Czech
Republic With the Acquisition of Local Operator Exit Group

PARIS, October 5 /PRNewswire-FirstCall/ -- As part of its growth
strategy, Accor Services has acquired Exit Group, the fourth largest provider
of meal vouchers in the Czech Republic. With a strong position among small
and mid-sized businesses, Exit Group reported an issue volume of EUR77
million in 2008.
Thanks to their synergistic geographic coverage and customer bases, Accor
Services Czech Republic and Exit Group will combine to make Accor Services a
market leader in this high potential region. The Czech meal voucher market is
estimated at around EUR600 million for 1.2 million users. Exit Group's
products will quickly be re-branded with the Ticket Restaurant name. Accor
Services now offers two product families in the Czech Republic:

- Benefits for employees and constituents: Ticket Restaurant, Ticket and
Card Benefits, Benefity Cafe (Employee Benefits) - Ticket Services
(Government Benefits).
- Rewards and incentives: Ticket Compliments.

With this acquisition, Accor Services has widened its share of the meal
voucher market and will also gain access to Exit Group's 165,000 end users
for its value-added products and services.
The transaction was finalized at a price of EUR15 million. Accor Services
Czech Republic's post-acquisition issue volume is estimated at EUR250 million.
"This acquisition fits in with Accor Services' global growth strategy,
which combines organic growth and targeted acquisitions to quickly enhance
our positions in countries with high growth potential," explains Serge
Ragozin, Chief Executive Officer of Accor Services.
Accor Services, the world leader in prepaid service cards and vouchers,
designs and develops innovative products and services that enhance individual
well-being and organizational performance for companies and public
institutions. Through its secure, prepaid solutions, Accor Services makes
life easier for employees, constituents and consumers, in alignment with the
social benefit commitments, economic policy goals and marketing strategies of
its customers. Its portfolio focuses on three types of service: employee and
public benefits, rewards and loyalty, and business expense management. Today,
32 million people benefiting from Accor Services products in 40 countries.
http://www.accorservices.com
Accor, a major global group and the European leader in hotels, as well as
the global leader in services to corporate clients and public institutions,
operates in nearly 100 countries with 150,000 employees. It offers to its
clients over 40 years of expertise in two core businesses:
- Hotels, with the Sofitel, Pullman, MGallery, Novotel,
Mercure, Suitehotel, Ibis, all seasons, Etap Hotel, Formule 1 and
Motel 6 brands, representing 4,000 hotels and nearly 500,000 rooms in
90 countries, as well as strategically related activities, such as
Lenotre.
- Services, with 32 million people in 40 countries benefiting
from Accor Services products in employee and constituent benefits,
rewards and incentives, and expense management.

SOURCE Accor

Accor Services Press Contact: Monique Denoix, Image7, Tel:
+33(0)1-53-70-74-57, mdenoix@image7.fr; Investor Contacts: Eliane
Rouyer-Chevalier, Senior Vice President, Investor Relations and Financial
Communications, Tel: +33(0)1-45-38-86-26; Solene Zammito, Deputy Director,
Investor Relations, Tel: +33(0)1-45-38-86-33