Half-Year 2026 Results; Accor shows its agility in a challenging global environment

India, July 30 -- During the first half of 2026, Accor opened 109 hotels, corresponding to nearly 14,000 rooms, representing a net unit growth of 3.2% over the last 12 months.

Newly opened hotels will generate around €1,700 in fees per room annually(1), whereas churned hotels generated around €900 in fees per room annually.

At the end of June 2026, the Group had a hotel portfolio of 881,928 rooms (5,835 hotels) and a pipeline of more than 268,000 rooms (1,595 hotels).

Financial Performance (H1 2026)

- Revenue: €2,760 million, up 3% at constant currency.

- Recurring EBITDA: €563 million, up 6.5% at constant currency.

- Recurring Free Cash Flow: €194 million, up 42% year-on-year.

- Net Profit (Group share): €114 million (down from €233 million in H1 2025, due to higher non-recurring expenses).

- Adjusted Net Profit: €231 million, broadly stable versus last year.

Operational Highlights

- RevPAR: Up 2.2% overall, 4.6% excluding Middle East.

- Hotel Openings: 109 new hotels (~14,000 rooms), net unit growth of 3.2%.

- Pipeline: Over 268,000 rooms (1,595 hotels), up 11.4%.

- Portfolio: 5,835 hotels, 881,928 rooms worldwide.

Regional Trends

- Europe & North Africa: Slight RevPAR growth, with Paris softening but strong demand elsewhere in France. UK resilient, Germany slightly negative.

- Middle East & Africa: Conflict hit UAE hard (RevPAR down ~40% in June), but Saudi Arabia, Egypt, and Turkey remained strong.

- Asia-Pacific: Southeast Asia driving growth (Japan, Vietnam, Indonesia strong). China still weak, especially midscale/economy.

- Americas: Brazil posted healthy RevPAR growth (+4.8%).

- Luxury & Lifestyle: RevPAR down 1.4% overall, but excluding Middle East grew strongly (+9.4%).

Strategic Moves

- Essendi Stake Sale: Definitive agreement with Blackstone & Colony IM to sell ~30.7% stake, reinforcing Accor's asset-light model.

- Share Buyback: €225 million tranche launched, with another €225 million planned later in 2026.

- Partnerships: Strengthened alliance with H World Group (China, Europe, Middle East).

- Silenseas Transaction: Partial stake sale in......

Published by HT Digital Content Services with permission from Travel Media.