HotelF1

Formerly	Formule 1
Company type	Subsidiary
Industry	Hotels
Founded	1984
Headquarters	Évry , France
Number of locations	172 (2018)[1]
Area served	France
Parent	Accor
Website	Accorhotels.com/hotelF1

HotelF1 - stylised as hotelF1 and branded Formule 1 until 2007 - is a French budget hotel chain soley operating domestically. It its owned and had been created by Accor in 1984.^[2]

History

1984: Formule 1

After the launch of the Ibis brand positioned below the midscale Novotel, owner Accor reiterated its strategy in 1984 with the creation of Formule 1, an economy hotel brand positioned below its Ibis branded properties and that was opened its first location in 1985.^[3]

The construction process of Formule 1 hotels was completely industrialized and standardized, allowing Accor to open one location every week.^[4] In the early 1990s, the engineering techniques of Formule 1 inspired the group Accor to launch another economy brand, Etap Hôtel (now ibis budget).^[5] In the late 1990s, the construction techniques of Formule 1 were also adopted by Accor's other economy brand, Ibis.^[6] By 1997, Formule 1 occupied 39% of the "super-economy" hotel market in France.^[7] From 1985 to 2005, 100 million customers stayed in Formule 1 hotels.^[8]

2007: HotelF1

In 2007, Formule 1 was rebranded as HotelF1. In September 2009, Accor announced the sale of 158 HotelF1 hotels in a €272-million sale and management-back deal.^[9] In 2012, following a new hotel star-rating system in France, HotelF1 became a one-star hotel brand.^[10]

In 2017, Accor unveiled a rebranding and refurbishment for its HotelF1 chain. This included the introduction of optional shared rooms.^[2][11] As of 2018, HotelF1 managed 172 hotels in France.^[1]

Development