Accor reported its full-year 2025 outcomes.
Highlights embrace:
- RevPAR up 4.2% for full-year 2025, together with a 7 % improve within the fourth quarter
- Internet unit development of three.7 %
- Recurring EBITDA up 13 % at fixed foreign money, at $1,417,143
- M&F Recurring EBITDA margin up 100 foundation factors
- Adjusted EPS up 16 %
Assertion from Management
Sébastien Bazin, chairman and chief govt officer of Accor, stated, “As soon as once more, the Accor Group delivered stable efficiency in 2025, in step with its medium-term aims. This constant year-on-year enchancment in outcomes confirms the power of the Group’s enterprise mannequin, the attractiveness of its manufacturers, the relevance of its geographic positioning, and the dedication of its groups.
“These strengths, mixed with an more and more highly effective distribution platform and loyalty program, the fast integration of synthetic intelligence into our digital roadmap, and the robustness of our pipeline, allow us to additional speed up our growth and to function with even better effectivity. In 2026, we are going to proceed rigorously to execute on our technique. We stay assured in our means to as soon as once more ship enhanced operational and monetary efficiency.”
Throughout full-year 2025, Accor opened 303 accommodations, corresponding to just about 51,000 rooms, representing a internet unit development of three.7 % over the past 12 months. On the finish of December 2025, the Group had a lodge portfolio of 881,427 rooms (5,836 accommodations) and a pipeline of greater than 257,000 rooms (1,527 accommodations).
Fourth-Quarter 2025 RevPar
The Premium, Midscale and Economic system (PM&E) division posted a 5.8% improve in RevPAR in contrast with the fourth quarter of 2024, primarily pushed by costs.
- The Europe North Africa (ENA) area posted a 3.3 % improve in RevPAR in contrast with the fourth quarter of 2024.
- In France, which accounts for 42 % of the area’s room income, RevPAR returned to constructive development with a wonderful month of December and following a mechanically adverse third quarter as a result of Paris 2024 Olympic and Paralympic Video games.
- Within the UK, which accounts for 12 % of the area’s room income, each London and the provinces confirmed that the rebound in exercise noticed because the third quarter remained stable.
- In Germany, which accounts for 13 % of the area’s room income, RevPAR returned to constructive territory after three consecutive quarters of decline.
- The Center East, Africa, and Asia-Pacific area posted a 7.6 % improve in RevPAR in contrast with the fourth quarter of 2024. This RevPAR development was pushed solely by costs, whereas the slight decline in occupancy charges was attributable to China, which continued to weigh on the area’s efficiency (excluding China, the area’s RevPAR was up 10.4 %).
- Within the Center East-Africa area, which accounts for 26 % of the area’s room income, all main locations within the area, together with Saudi Arabia and the United Arab Emirates, recorded double-digit RevPAR development.
- Southeast Asia, which accounts for 32 % of the area’s room income, as soon as once more posted stable RevPAR development after a weaker third quarter impacted by safety issues in Thailand and disrupted journey circumstances in Indonesia. Singapore additionally benefited from a constructive calendar impact linked to the Components 1 Grand Prix in October 2025, whereas Japan continued to submit satisfying efficiency regardless of tensions with China.
- The Pacific, which accounts for 26 % of the area’s room income, maintained double-digit RevPAR development within the fourth quarter, pushed by each costs and occupancy charges.
- In China, which accounts for 16 % of the area’s room income, RevPAR traits continued to enhance sequentially however remained adverse at this stage.
- The Americas area, which primarily displays the efficiency of Brazil (64 % of the area’s room income), posted an 11.7 % improve in RevPAR in contrast with the fourth quarter of 2024.
- Brazil notably benefited from the COP30 held in Belém in November 2025, the place Accor is current with eight accommodations.
The Luxurious & Life-style (L&L) division posted a 9.5 % improve in RevPAR in contrast with the fourth quarter of 2024, pushed by each costs and occupancy charges.
- Luxurious, which accounts for 71 % of the division’s room income, posted a 9.4 percentincrease in RevPAR in contrast with the fourth quarter of 2024. RevPAR development within the section strengthened throughout all manufacturers and areas, outperforming the PM&E section in comparable areas and confirming the momentum noticed in earlier quarters.
- Life-style posted a 9.9 % improve in RevPAR in contrast with the fourth quarter of 2024. Resort accommodations remained a key contributor to this development, notably in Turkey, Egypt, and the United Arab Emirates, whereas the “Life-style collective” accommodations additionally recorded their strongest RevPAR development in FY 2025.
Consolidated Income
For full-year 2025, the Group recorded income of $6,653,286, up 4.5 % at fixed foreign money in contrast with full-year 2024. This improve breaks down right into a 2.4 % rise at fixed foreign money for the Premium, Midscale, and Economic system division and a 9.8 % rise at fixed foreign money for the Luxurious & Life-style division.
Forex results had a adverse influence of $256,031,790, primarily associated to the Australian greenback ((6) %), the US greenback ((4) %), and the Canadian greenback ((6) %).
Scope results have been nearly impartial ($2,359,743 million), because the disposal of Paris Society’s “Festive” exercise offset the full-year influence of the acquisition of Rikas (in March 2024) and the opening of latest Paris Society venues within the Luxurious & Life-style division (Lodge Belongings & Different exercise).
Premium, Midscale & Economic system income
Premium, Midscale and Economic system, which incorporates charges from Administration & Franchise (M&F), Gross sales, Advertising and marketing, Distribution and Loyalty (SMDL), and Lodge Belongings & Different actions of the Group’s Premium, Midscale and Economic system manufacturers, generated income of $3,366,925, up 2.4 % at fixed foreign money in contrast with full-year 2024.
Administration & Franchise (M&F) income stood at $1,052,606,732, up 1.9 % at fixed foreign money in contrast with full-year 2024. This improve primarily displays RevPAR development over the interval (up 2.7 %), partially offset by the adverse influence of conversions of a restricted variety of administration contracts into franchise contracts, as anticipated.
Gross sales, Advertising and marketing, Distribution, and Loyalty (SMDL) income totaled €1,102,082,640, up 1.2 % at fixed foreign money in contrast with full-year 2024.
Lodge Belongings & Different income was up 4.1 % at fixed scope in contrast with full-year 2024, pushed by robust performances in accommodations in Brazil and Turkey.
Luxurious & Life-style Income
Luxurious & Life-style, which incorporates charges from Administration & Franchise (M&F), Gross sales, Advertising and marketing, Distribution and Loyalty (SMDL), and Lodge Belongings & Different actions of the Group’s Luxurious & Life-style manufacturers, generated income of $1,885,711.9, up 9.8 % at fixed foreign money in contrast with FY 2024.
Administration & Franchise (M&F) income stood at $632,504,120, up 13.1 % at fixed foreign money in contrast with FY 2024. This improve was supported by RevPAR development (up 7.3 %) and community growth.
Gross sales, Advertising and marketing, Distribution and Loyalty (SMDL) income totaled $500,332,720, up 12.1 % at fixed foreign money in contrast with FY 2024, additionally reflecting RevPAR development, community growth, and the stable momentum of the loyalty program.
Lodge Belongings & Different income was up 5.5 % at fixed foreign money in contrast with FY 2024.
Reimbursed Prices Income
“Reimbursed prices” income (which corresponds to the cost again of prices incurred on behalf of lodge house owners) amounted to $1,498,638, up 2.9 % at fixed foreign money in contrast with FY 2024, primarily pushed by wage inflation in North America.
Internet Revenue
Internet revenue, Group share amounted to $529,988,375 for FY 2025, in contrast with $720,028,750 for FY 2024, which had benefited from important capital good points on the disposal of Essendi belongings.
To facilitate comprehension of internet revenue and diluted earnings per share, the Group has chosen to publish an adjusted internet revenue and adjusted diluted earnings per share, by adjusting for non-recurring gadgets (i.e., non-recurring revenue and bills and associated tax changes, Essendi’s share of earnings/losses, in addition to distinctive tax-related gadgets).
Adjusted internet revenue, Group share amounted to $594,928,938 for FY 2025, in contrast with $499,315,358 for FY 2024.
