India, April 23 -- Hospitality group Accor (ACRFY.PK, ACRFF.PK) on Thursday reported a drop of 2.7% in its revenue for the first quarter.
Revenue slipped 2.7% to 1.313 billion euros from 1.349 billion euros last year. The growth breaks down as a 1.8% increase for the Premium, Midscale and Economy division and a 6.1% increase for the Luxury & Lifestyle division.
Premium, Midscale and Economy, which includes fees from Management & Franchise (M&F), Sales, Marketing, Distribution and Loyalty (SMDL) and Hotel Assets & Other activities of the Group's Premium, Midscale and Economy brands, generated revenue of 663 million euros, up 4.6% at constant currency compared with the first quarter of 2025.
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