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




REVPAR UP 2.2% FOR H1 2026,
UP 4.6% EXCLUDING MIDDLE EAST

NET UNIT GROWTH OF 3.2%
PIPELINE UP 11.4%

RECURRING EBITDA UP 6.5% AT CONSTANT CURRENCY, AT €563 MILLION

RECURRING FREE CASH FLOW UP 42% AT €194 MILLION

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2026 OUTLOOK: RECURRING EBITDA EXPECTED BETWEEN €1,260 MILLION AND €1,285 MILLION

LAUNCH OF THE SECOND TRANCHE OF THE SHARE BUYBACK PROGRAMME FOR €225 MILLION


Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said:
“Once again this half-year, and despite the disruption caused by the situation in the Middle East, the Group delivered solid growth. This performance reflects the momentum in our key markets, the commitment of our teams, the strength of our brands, and our rigorous cost discipline. We focus on what we can control and on delivering the Group's growth algorithm.
Looking ahead to the rest of 2026, we expect growth to continue and we remain fully focused on executing our strategic roadmap. The signing of a definitive binding agreement with leading investors for the disposal of our stake in Essendi is an important milestone, completing Accor's transformation into a resolutely asset-light model that is simple, clear and predictable.”

While hotel activity in the first two months of fiscal year 2026 was remarkably strong, the conflict in the Middle East, which began in late February, severely disrupted the macroeconomic and geopolitical environment in the second quarter. Activity in the Middle East, particularly in the United Arab Emirates, was significantly impacted, which is reflected most notably in the performance of our Lifestyle segment. Nevertheless, the diversification of our hotel portfolio, both geographically and across segments, together with strict cost discipline, secured the Group's growth algorithm.

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).

Die Presseaussendung und weitere Informationen zu den Half-Year Results 2026 von Accor finden Sie unter folgendem Link: Accor Press Room