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

* * *

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