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 €126 million, up 57%, and generated pretax income before exceptional items of €5.73 million, up 82%. Growth in sales has averaged 43% since November 2001.
 
Go Voyages develops and distributes through a broad range of channels (travel agencies � web sites � call centers � tour operators) travel packages at the best available price, on scheduled and chartered flights. In 2001, Go Voyages organized flights for 368,000 passengers; in 2002, the company expects this number to rise to 420,000, reaching over 1,000 destinations. Go Voyages also designs and supplies booking engines that distribute web-based tourism products to more than 500 affiliated websites.

With 147,000 associates in 140 countries, Accor is the European leader and one of the world's largest groups in travel, tourism and corporate services.