Accor H1 RevPAR Rises 2.2% as Group Adds 109 Properties

Accor posted a 2.2 percent increase in first-half 2026 RevPAR excluding the Middle East, alongside opening 109 hotels comprising nearly 14,000 rooms [1]. Revenue expanded 3 percent at constant currency to $3.18 billion, while recurring EBITDA climbed 6.5 percent to $648.9 million despite regional disruption [1].

What drove Accor's top-line financial performance in H1 2026?

Accor achieved overall top-line expansion through steady pricing gains and portfolio additions across regional divisions [1]. As Asian Hospitality reported, revenue climbed 3 percent at constant currency to reach $3.18 billion for the first half of 2026 [1]. Recurring EBITDA increased 6.5 percent to $648.9 million, supported by operational cost controls [1]. However, net profit attributable to the group fell from $268.6 million in the first half of 2025 to $131.4 million due to higher non-recurring expenses [1]. Adjusted net profit stood at $266.2 million compared with $276.6 million a year earlier [1]. The company maintained its full-year RevPAR outlook of 2 percent to 2.5 percent growth [1].

How did individual hotel operating divisions perform during the period?

Operating results varied widely between the Premium, Midscale and Economy segment and the Luxury and Lifestyle group [1]. According to reports from Asian Hospitality, the Premium, Midscale and Economy division posted a 0.1 percent uptick in second-quarter RevPAR, lifted by room rate increases [1]. Excluding the Middle East, that unit's RevPAR rose 1.1 percent [1]. Total revenue for the division advanced 2.2 percent at constant currency to $1.6 billion, with management and franchise fees up 0.7 percent and sales, marketing, distribution, and loyalty revenue rising 3.8 percent [1].

Conversely, Luxury and Lifestyle revenue slipped 1.9 percent to $863.4 million, accompanied by a 1.4 percent second-quarter RevPAR decline caused by occupancy drops [1]. Excluding the Middle East, Luxury and Lifestyle RevPAR surged 9.4 percent [1]. Within that division, Luxury RevPAR climbed 2.5 percent across brands and geographies excluding the Middle East, while Lifestyle RevPAR dropped 11.3 percent due to high exposure to resort properties in the United Arab Emirates [1]. Even so, Luxury and Lifestyle management and franchise revenue jumped 12 percent, bolstered by footprint additions [1].

Which geographic regions delivered the strongest lodging metrics?

Regional lodging demand reflected strong divergence between the Americas and conflict-impacted Middle Eastern destinations [1]. The Americas achieved the group's highest geographic growth rate, reporting a 4.8 percent RevPAR increase, led by operations in Brazil, which generated the bulk of regional room revenue [1].

European operations saw steady leisure business [1]. The Europe North Africa region posted a 0.2 percent RevPAR improvement [1]. Performance across France remained positive as provincial leisure demand compensated for softer volumes in Paris [1].

The combined Middle East, Africa and Asia-Pacific geography experienced a 1.1 percent RevPAR reduction due to depressed room occupancy across the Middle East [1]. When Middle Eastern markets are excluded, the division delivered a 1.9 percent RevPAR gain [1]. Conflict in the region lowered performance in the United Arab Emirates, whereas Turkey, Egypt, and Saudi Arabia continued expanding RevPAR [1].

What is the scale of Accor's property footprint and development pipeline?

Accor expanded its operating network by 109 hotels and nearly 14,000 rooms in the first six months of 2026 [1]. As detailed by Asian Hospitality coverage, net unit growth reached 3.2 percent over the prior 12-month period [1]. By the end of June 2026, Accor operated 5,835 hotels accounting for 881,928 keys [1]. The forward development pipeline stood at 1,595 hotels and more than 268,000 rooms [1].

What capital market transactions and brand spin-offs are underway?

Accor is advancing an asset-light corporate structure by divesting equity and readying business subsidiaries for public listings [1]. The group confirmed it signed an agreement to sell its equity stake in Essendi [1]. Accor is also planning an initial public offering in the United States for Ennismore, which manages over 200 hotels and 500 restaurants [1]. Goldman Sachs serves as the lead underwriter for the Ennismore offering, alongside financial advisers BNP Paribas, J.P. Morgan, and Societe Generale [1].

In India, Accor and InterGlobe Enterprises are evaluating an IPO for their shared hotel joint venture [1]. That joint venture has altered its original focus from premium and midscale properties to luxury developments and plans to open 300 properties by 2030 [1]. Meanwhile, Accor initiated a second share buyback tranche of $259.3 million, matching an equal buyback executed during the first half [1]. Management expects full-year net room growth near 3.5 percent and recurring EBITDA between $1.45 billion and $1.48 billion [1].