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Visa International

Visa and Accor Announce Worldwide Strategic Partnership Providing Global Benefits to Visa Cardholders

SAN FRANCISCO, CA (ots)

Visa International, the world's leading
payment brand, and Accor, the European leader and one of the world's
largest groups in hotels, travel, tourism and corporate services,
today announced a major international partnership agreement to
maximize value and promotional exposure through marketing programs
and Visa cardholder incentives.
"Accor's wide range of travel industry services will provide Visa
cardholders with exceptional values at Accor properties," said Tom
Shepard, executive vice president, Global Marketing Partnerships and
Sponsorship, Visa International. "We were particularly impressed with
Accor's depth of products, including its exceptional global hotel
network complemented by its travel agency, tour operating, and
business services. Our partnership will enhance the travel experience
for Visa cardholders while building business opportunities for our
Visa members."
With 147'000 associates in 140 countries, Accor is the European
leader and one of the world's largest groups in Hotels and Services.
Every day in 32 countries, nearly 13 million people use services
designed, developed and managed by Accor Services. These include food
vouchers, personal assistance and services, business expense
management, public sector services, incentives and loyalty programs.
Travel and restaurant activities complement Accor's unique line of
leisure and tourism products. Accor's offerings in the travel area
include Carlson Wagonlit Travel, Accor Vacances, Frantour, Go
voyages, Lenotre, and Compagnie des Wagons-Lits. Accor also offers
hotel packages specially-tailored to customer preferences and budgets
at more than 3'700 hotels - from economy to upscale - in 90
countries.
Accor will provide value-added offers to Visa cardholders for
seasonal promotional rates in the Mercure, Novotel and Sofitel
hotels, as well as complimentary breakfasts or other special
advantages in newly opened hotels. Sofitel, the flagship luxury hotel
brand of Accor, currently participates in Visa's premium card
programs - Visa Infinite, Visa Platinum and US Signature Visa cards -
providing special enhancements to those cardholders. Under the new
agreement, these Visa cardholders will be offered the new Sofitel
Privileged Guest loyalty card, providing exclusive services such as
late check out, upgrades, access to the hotel's health club, as well
as unbeatable promotional rates.
Visa currently promotes a number of Accor offers through its
online travel, retail and entertainment site "Visa Destinations" at
www.visadestinations.com and through programs in conjunction with its
Member financial institutions. Current offers include upgrades, room
discounts, access to health and fitness facilities, and other special
offers when you pay with your Visa card. Terms and conditions as well
as redemption information may be found at the Visa Destinations
website.
Visa and Accor also will collaborate in sponsorship marketing
activities for the Rugby World Cup 2003 in Australia and the ATHENS
2004 the Beijing 2008 Olympic Games.
About Visa
Visa is the world's leading payment brand. Visa-branded cards
generate US$ 2.4 trillion in annual volume and are accepted at 30
million physical locations around the world, including 810'000 ATMs
in more than 150 countries. The Visa organization plays a pivotal
role in developing innovative payment products and technologies to
benefit its 21'000 member financial institutions and their
cardholders. Visa is a leader in Internet based payments and is
pioneering thecreation of u-commerce, or universal commerce - the
ability to conduct commerce anywhere, anytime, and any way. For more
information, visit www.corporate.visa.com.
About Accor
With 147'000 associates in 140 countries, Accor is the European
leader and one of the world's largest groups in travel, tourism and
services, with two major international activities:
  • Hotels: a unique position with 3'800 hotels (425'000 rooms) in 90 countries, from budget to luxury, and travel agencies, restaurants and casinos;
  • Services to corporate clients and public institutions: each day, 13 million people in 32 countries use a broad range of services (Food Vouchers, People's Care, Expenses Management, Social services, Incentive / Events) engineered and managed by Accor.
More information on Accor can be found at www.accor.com

Contact:

Michael Sherman
Visa International
Phone +1/650/432-3923
mailto:sherman@visa.com

Norbert Beatty
GCI Group
Phone +1/212/537-8131
mailto:nbeatty@gcigroup.com

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