PR Newswire/Les Echos/

Press release
Paris-January 11,2010

Effect of the devaluation of the Bolivar Fuerte on Accor

On Friday, January 8, 2010, the Venezuelan monetary authorities decided to
devalue the Bolívar Fuerte (VEF). Trading at a fixed exchange rate of 2.15/USD
since its creation, Venezuela's currency will now be trading at 4.30/USD.

Accor operates in Venezuela primarily through its Prepaid Services business. As
indicated in the Group's 2008 annual results announcement, a 10% change in the
EUR/VEF exchange rate would have had a roughly EUR7 million impact on 2008
operating profit before tax and non-recurring items.

The announced 50% devaluation of the VEF has an impact of around EUR40 million
on Accor's 2009 operating profit before tax and non-recurring items. After tax
and minority interests of 43%, the impact on net profit before non-recurring
items is around EUR15 million.

Despite this impact, the Group has maintained its full-year 2009 target for
operating profit before tax and non-recurring items of between EUR400 million
and EUR450 million.

Upcoming event:
   -   January 19, 2010: Fourth-quarter revenue release

                                    *****

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
40years of expertise in two core businesses:
- Hotels, with the Sofitel, Pullman, MGallery, Novotel, Mercure, Suitehotel,
Adagio, ibis, all seasons, Etap Hotel, Formule 1, hotelF1 and Motel 6 brands,
representing 4,000 hotels and nearly 500,000 rooms in 90 countries, as well as
strategically related activities, Accor Thalassa, Lenôtre, CWL.
- Services, with 32 million people in 40 countries benefiting from Accor
Services products in employee and constituent benefits, rewards and incentives,
and expense management.

MEDIA CONTACTS	
Charlotte Thouvard              Charlotte Bourgeois-Cleary
Phone: +33 1 45 38 18 28        Phone: +33 1 45 38 84 84

INVESTOR CONTACTS
Eliane Rouyer-Chevalier         Solène Zammito
Senior Vice President Investor  Deputy Director Investor
Relations and Financial         Relations
Communications                  Phone: +33 1 45 38 86 33
Phone: +33 1 45 38 86 26
                      
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