Accor reported its first-quarter 2026 outcomes.
Highlights embrace:
- Group income elevated by 2.3 p.c at fixed foreign money to €1,313 million
- Administration & Franchise income elevated by 8.3 p.c at fixed foreign money to €332 million
- RevPAR elevated by 5.1 p.c, in contrast with Q1 2025
- Web unit development elevated 3.8 p.c over the past 12 months
Assertion From Management
Sébastien Bazin, chairman and chief govt officer of Accor, mentioned,
“Within the first quarter of 2026, the group as soon as once more posted regular development, because the sturdy momentum from the beginning of the 12 months greater than offset the consequences of the battle within the Center East. On the bottom, our groups are totally dedicated to adapting our operations to the wants of our property homeowners and clients. The Group has additionally carried out measures to guard outcomes, enabling us to attenuate the impression of the state of affairs on our efficiency, put together for the rebound, and seize development in areas quickly benefiting from elevated demand, equivalent to Europe and Southeast Asia. Our diversified geographic footprint, the standard of our model portfolio, and our skill to adapt thus permit us to be assured in our skill to as soon as once more ship improved efficiency in 2026.
“The lodge enterprise in the course of the first two months of 2026 was remarkably strong, according to the momentum noticed within the fourth quarter of 2025. The battle within the Center East, which started on the finish of February, has since severely disrupted the macroeconomic and geopolitical context. Exercise within the Center East, primarily within the United Arab Emirates, has been strongly impacted, whereas demand in different Accor geographies is holding up. The evolution of the battle and its impacts stay unsure. However, the Group’s development algorithm stays intact.
“Within the first quarter of 2026, Accor opened 48 motels akin to greater than 6,700 rooms, representing a web unit development of three.8 p.c over the past twelve months. On the finish of March 2026, the Group had a lodge community of 879,676 rooms (5,815 motels) and a pipeline of 260,000 rooms (1,545 motels).”
First-quarter 2026 RevPAR
The Premium, Midscale, and Economic system (PM&E) division posted a 4.5 p.c enhance in RevPAR in contrast with the primary quarter of 2025, primarily pushed by costs.
- The Europe North Africa (ENA) area posted a 2.7 p.c enhance in RevPAR in contrast with the primary quarter of 2025, pushed nearly solely by the occupancy charge.
- In France, which accounts for 44 p.c of the area’s room income, the RevPAR variation in each Paris and the provinces remained strong after a wonderful month of December.
- In the UK, which accounts for 12 p.c of the area’s room income, the rebound in exercise noticed because the third quarter of 2025 was confirmed in each London and the provinces.
- In Germany, which accounts for 12 p.c of the area’s room income, RevPAR returned to barely unfavourable territory in the course of the first quarter, with exercise ranges that stay extremely correlated to occasions and festivals.
- The Center East, Africa, and Asia-Pacific area posted a 5.5 p.c enhance in RevPAR in contrast with the primary quarter of 2025, pushed nearly solely by costs.
- Southeast Asia, which accounts for 32 p.c of the area’s room income, as soon as once more grew to become the world with the strongest development within the area. Thailand and Indonesia, which had skilled a difficult 2025, noticed their RevPAR variation return to constructive territory within the first quarter of 2026. Singapore and Japan additionally continued to point out strong development in the course of the interval.
- Within the Center East Africa area, which accounts for 27 p.c of the area’s room income, RevPAR development remained constructive regardless of the battle that started on February twenty eighth, impacting the exercise extra considerably as of mid-March. The United Arab Emirates posted a 9 p.c lower in RevPAR in the course of the first quarter, whereas Saudi Arabia and Egypt’s RevPARs grew in the course of the interval.
- The Pacific, which accounts for 26 p.c of the area’s room income, continued to point out sturdy RevPAR development, according to the pattern noticed throughout fiscal 12 months 2025.
- In China, which accounts for 15 p.c of the area’s room income, RevPAR developments continued to enhance sequentially however remained barely unfavourable.
- The Americas area, which primarily displays the efficiency of Brazil (59 p.c of the area’s room income), posted a 9.1 p.c enhance in RevPAR in contrast with the primary quarter of 2025.
- Brazil continued to point out double-digit RevPAR development throughout this era.
The Luxurious & Life-style (L&L) division posted a 6.0 p.c enhance in RevPAR in contrast with the primary quarter of 2025, two-thirds pushed by costs.
- Luxurious, which accounts for 72 p.c of the division’s room income, posted a 6.8 p.c enhance in RevPAR in contrast with the primary quarter of 2025. All manufacturers and areas besides the Center East contributed to this sturdy efficiency, confirming international demand for this section.
- Life-style, which is extra uncovered to the Center East, posted a 4.2 p.c enhance in RevPAR in contrast with the primary quarter of 2025. Resort motels, because of their sturdy presence within the United Arab Emirates, have been extra strongly impacted by the battle. “Life-style collective” motels, for his or her half, continued to point out strong RevPAR development all through the quarter.
Group Income
For the primary quarter of 2026, the Group recorded income of €1,313 million, up 2.3 p.c at fixed foreign money in contrast with the primary quarter of 2025. This enhance breaks down right into a 4.6 p.c rise at fixed foreign money for the Premium, Midscale, and Economic system division and a 0.7 p.c lower at fixed foreign money for the Luxurious & Life-style division, which was negatively impacted by disposals accounting for six.2 p.c.
Foreign money results had a unfavourable impression of €66 million, primarily associated to the US greenback (down 10 p.c), the UAE dirham (down 10 p.c), and the Canadian greenback (down 6 p.c).
Scope results (€18 million) have been primarily associated to the disposal of Paris Society’s “Festive” exercise.
Premium, Midscale & Economic system Income
Premium, Midscale and Economic system, which incorporates charges from Administration & Franchise (M&F), Gross sales, Advertising, Distribution and Loyalty (SMDL), and Lodge Belongings & Different actions of the Group’s Premium, Midscale and Economic system manufacturers, generated income of €663 million, up 4.6 p.c at fixed foreign money in contrast with the primary quarter of 2025.
Administration & Franchise (M&F) income stood at €201 million, up 4.3 p.c at fixed foreign money in contrast with the primary quarter of 2025. This enhance primarily displays RevPAR development over the interval (up 4.5 p.c), partially offset by the unfavourable impression of conversions of a restricted variety of administration contracts into franchise contracts, as anticipated, in addition to the slower development of incentive charges for motels beneath administration contracts.
Gross sales, Advertising, Distribution, and Loyalty (SMDL) income totaled €216 million, up 4.4 p.c at fixed foreign money in contrast with the primary quarter of 2026, negatively impacted by accounting results concentrated within the first quarter of 2025.
Lodge Belongings & Different income amounted to €245 million, up 5.2 p.c at fixed foreign money in contrast with the primary quarter of 2025, pushed by sturdy performances in motels in Brazil and Australia.
Luxurious & Life-style Income
Luxurious & Life-style, which incorporates charges from Administration & Franchise (M&F), Gross sales, Advertising, Distribution, and Loyalty (SMDL), and Lodge Belongings & Different actions of the Group’s Luxurious & Life-style manufacturers, generated income of €341 million, down 0.7 p.c at fixed foreign money in contrast with the primary quarter of 2025. Disposals negatively impacted income development by 6.2 p.c.
Administration & Franchise (M&F) income stood at €131 million, up 15.2 p.c at fixed foreign money in contrast with the primary quarter of 2025. This enhance is in keeping with the RevPAR development algorithm (up 6.0 p.c) and community enlargement.
Gross sales, Advertising, Distribution, and Loyalty (SMDL) income totaled €96 million, up 10.6 p.c at fixed foreign money in contrast with the primary quarter of 2025.
Lodge Belongings & Different income amounted to €115 million, down 20.0 p.c at fixed foreign money in contrast with the primary quarter of 2025, primarily reflecting the disposal of Paris Society’s “Festive” exercise (€21 million impression) and the decline in restaurant exercise at Paris Society and Rikas because the starting of the battle within the Center East.
Reimbursed Prices Income
“Reimbursed prices” income (which corresponds to the cost again of prices incurred on behalf of lodge homeowners) amounted to €328 million, up 0.5 p.c at fixed foreign money in contrast with the primary quarter of 2025.
