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Accor raises stake in Go Voyages to 60%

Accor<.> today holds a 60% stake in Go Voyages, France`s leading specialty operator in scheduled and chartered flights and the development of…

Accor<.> today holds a 60% stake in Go Voyages, France`s leading specialty operator in scheduled and chartered flights and the development of online booking engines, after acquiring 21.5% of the company`s capital.



Accor, which has held a 38.5% stake since April 2000, has thus become Go Voyages` majority shareholder. In addition, the Group has given the management team, which remains in charge of the company, a promise to purchase the remaining shares, whose price will be determined depending on the results of future fiscal years.



Go Voyages is today in France, thanks to the deployment of innovative IT tools, one of the most active players in the distribution of business travel and tourist services, in particular over the Internet. For example, Go Voyages has developed some of the market`s most efficient online booking software and travel-related search engines. This technological expertise enables the company to offer more than 500 web partners access to its pricing databases through B to B to C solutions.



Since early 2002, Go Voyages has offered an airfare + hotel package that combines the search for an airplane seat and a hotel room in real time. Go Voyages has set itself apart with a new generation online booking system, by combining e-tourism`s two key lists (airline seats and hotel rooms). This initiative is in line with Accor`s sales and distribution strategy, in particular in the tourism sector, and strengthens the two partners` Internet projects.



Go Voyages is one most profitable companies in its industry. In fiscal 2001 (ended October 31), it reported sales of

Theodore Koumelis
Co-Founder & Managing Director - Travel Media Applications | Website

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.

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