Accor's Upscale and Midscale Hotels grow over the average

Accor's consolidated revenue totaled EUR3,765 million for the first six months of 2008. This represented a 5.2% increase at comparable scope of consolidation and exchange rates (like-for-like) and a 6.2% decline as reported.

Hotels revenue amounted to EUR2,810
million in the first half, a decline of 1.4% compared to the
prior-year period on a reported basis. Upscale and Midscale Hotels
(Sofitel, Pullman, Novotel, Mercure and Suitehotel): up 6.2%
like-for-like, in the first half, including 3.9% in the first
quarter and 8.2% in the second.

Economy Hotels outside the US (Ibis,
all seasons, Etap Hotel and Formule 1): up 6.1% like-for-like

In economy hotels, revenue rose by 6.1%
like-for-like in first-half 2008, of which 5.3% in the first quarter
and 6.8% in the second. Economy Hotels in the US (Motel 6 and Studio
6): down 0.4% like-for-like.

The 37.8% reported drop in the
division's revenue for the period was mainly attributable to the
disposal of Red Roof Inn in August 2007 as well as to the weaker US
dollar. The sale of Red Roof Inn has considerably reduced the Group's
exposure to the United States, a market that tends to be more
cyclical than Europe. In 2007, the US accounted for only 8% of
consolidated EBIT.