Adagio City Aparthotel is a joint venture launched by Accor Hotels and Pierre & Vacances in October 2007.[1][2] It manages residences and apartments to rent, in tourist cities. The city residences correspond to business travelers on a long term assignment but also French or foreign families on vacation, which can use their kitchen in these apartments and avoid restaurant expenses. Urban tourism has a much higher growth rate than the overall average growth rate of tourism in France in terms of overnight stays, according to specialists.[3]