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Company Overview
Pierre et Vacances SA is a French company engaged in the provision of holiday and entertainment villages, leisure activity residences and hotels. With more than 45, 000 apartments and houses, it is positioned as the European leader in tourist lodging. The Company was established in 1979 and has its head office located in Paris, France.
The company, together with its operating businesses, offers rental services in homes and villages. These services include dining, children’s clubs and sporting activities among others. The company’s properties are located by the sea, mountains, countryside and cities. In all of the residences, the company offers short and long stays to its customers. It provides its services through six brands: Pierre & Vacances, Maeva, Center Parcs, Residences MGM, Pierre & Vacances City and Latitudes Hotels.
The company’s customers were primarily from France, the Netherlands, Germany, Belgium and the United Kingdom, as well as from Italy and Spain (via its subsidiaries).
Business Summary
The Company’s expansion is based on two complementary businesses, namely property development and tourism.
The Company’s original concept is based on the notion of « the freedom to choose one’s holiday and а la carte services » and includes six brands: Pierre & Vacances, Pierre & Vacances City, Maeva, Rйsidences MGM, Hфtels Latitudes and Center Parcs.
Description and history
The Company specializes in tourism,holiday residences. The Compagny ‘s expansion is based on two complementary businesses, namely property development and tourism.
The Company’s original concept is based on the notion of « the freedom to choose one’s holiday and ‘а la carte’ services » and includes six brands: The Company , The company City, Maeva, Rйsidences MGM, Hфtels Latitudes and Center Parcs.
In 2005, The Group welcomed 6.4 million holidaymakers, 50% of which from France. The tourist residence portfolio includes 45,000 apartments and homes, or 210,000 beds.
The Company was listed on EURONEXT PARIS – Euronext – Compartiment B (Mid-caps) on Jun 14,1999 code isin : FR0000073041.
The Company was registered in the RCS on August 7, 1979 under the the number: 316 580 869 R.C.S. PARIS.
1967: Gйrard Brйmond launches a new tourist resort concept in Avoriaz.
1970 to 1997: The concept takes shape and grows:
- properly and tourism expertise applied to other Alpine resorts and seaside resorts ;
- acquisition of companies and sites and expansion of the tourist business ;
- launch of the ‘Nouvelle Propriйtй’ scheme, under which private investors acquire the freehold of an apartment at a reduced cost, as VAT can be recovered and rent is prepaid.
1999 to 2003: The Compagny Group strengthens its position by making major acquisitions.
- 1999: Acquisition of Orion Vacances (20 residences).The Group’s initial public offering.
- 2000: Acquisitions of the Dutch Group Gran Dorado, the market leader in short-stay holiday villages in the Netherlands.
- 2001: Three major acquisitions:
. 50% stake in Center Parcs Europe (10 villages: 5 in the Netherlands, 2 in France, 2 in Belgium and 1 in Germany);
. full acquisition of Maeva Group, the second largest tourist residence operator in France (138 residences and hotels);
. takeover of the letting management company, ski-lift operator and property management company of the Valmorel mountain resort.
- 2002: Acquition of Rйsidences MGM, an operator specialised in Luxury holiday residences (12 residences).
- 2003: The compagny becomes sole owner of Center Parcs Europe.
2004-2005: The Compagny is now works in all segments of the holiday residence market and has embarked upon a new stage in its growth strategy.
- 2004: Acquisition by Center Parcs Europe of Butjadinger Kьste holiday village at Tossens in Germany. Gestrim partnership: an agreement to jointly develop, at Citйa, management of two-star city based residence management.
- 2005: Start of construction of new Center Parcs village, Domaine du Lac d’Ailette in France. Signing of partnership with WWF-France to implement an environmental progress policy. Opening of Bonavista – Bonmont in Catalogna, the first residence built by the compagny in Spain.
Implementation by the Group of a sizeable earnings growth programme, primarily focused on improving performances in the tourism businesses. Continued moves to expand and improve the quality of the tourism portfolio with the property business.

Description in French
Groupe touristique, du developpement et de la gestion de residences loisirs, La Compagnie exploite environ 45000 appartements et maisons, soit 210000 lits localisйes essentiellement en France(A la mongtagne , а la mer, а la campagne, а Paris, et aux Antilles), au Pays-Bas, An Allemagne, en Belgique, en Italie, et en Espagne. La Compagnie exerce deux activitйs complйmentaire:l’exploitation et la commercialisation de sйjours en Rйsidences Loisirs et le dйveloppement immobilier.
La Societe renouй avec croissance des bйnйfices en 2005/2006 par l’amйlioration des performances de ses activitйs touristiques et le dynamisme de son dйveloppement immobilier. Il poursuit ses dйveloppement en Europe, en particulier sous marque Center Parcs et sur le segment des rйsidences urbains.
Avec une structure de bilan renforcйe et aprиs trois annйes de consolidation, Le Groupe souhaite entrer dans une nouvelle phase de croissance externe.
La Societe a jouй un rфle pionnier en inventant un nouveau modиle йconomique basй sur le double mйtier du tourisme et de l’immobilier, devenu en Europe grвce а des acquisitions ciblйes, il poursuit aujourd’hui une politique de dйveloppement soutenue.
-Lancement d’un nouveau concept de station touristique а Avoriaz par Gйrard Brйmond
-Crйation d’un nouveau concept de vacances par Piet Derksen ‘village de cottages en pleine forкt’ а De Lommerberdgen au Pays-Bas
-1er Festival internationnal du film fantastique d’Avoriaz
-Crйation de la formule de vente’ Nouvelle Propriйtй’
-Ouverture de la 1re Rйsidence de La Societe а la mer: juan-les-Pins
-Lancement du 1er Paradis Aquatique avec l’ouverture de 6e domaine Center Parcs а De Eemhof aux Pays-bas
-Implatation du 1er Center Parcs en France, en Normandie-domaine des Bois-Francs
-Ouverture du village La Societe de Cap Esterel
-Ouverture du 1er йcovillage de la compagnie de Belle Dune en baie de Somme
-Ouverture des deux Village de La Societe aux Antiles(Guadeloupe et Martinique)
-Acquisition d’Orion Vacances
-Introduction en Bourse
-Acquisition de Gran Dorado
-Dйveloppement des courts sйjours chez la compagnie
-Acquisition de Maeva et de 50% de Center Parcs Europe
-Prix ‘Best environnement Respect’ aux Hermes Awards-Belles Dune
-Acquisition de Rйsidences MGM
-Prises de contrфle а 100% de Center Parcs Europe
-Le Groupe dйpasse le milliard d’euros de chiffre d’affaires et 6 millions de clients
-Lancement de projet du 4e Center Parcs en France, en Moselle
-Poursuit de la politique de rйnovation avec l’acquisition de nouvelles rйsidences
-40 anniversaire du Groupe
Business Line
Engaged in the provision of holiday and entertainment villages, leisure activity residences and hotels
IPO date
Company Address
L’Artois, Espace Pont de Flandre
11, Rue de Cambrai
City province or state postal code
75947, PARIS
Phone: +33 1 58 21 58 21
Country address: FRANCE
Website url: www.pierre-vacances.fr

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