Accor, one of the world’s leading hospitality groups, maintained its agility in the first half of 2026 despite challenging global conditions.
Accor increased its RevPAR by 2.2% in the first half of 2026, while net hotel growth stood at 3.2%. The group’s development portfolio grew by 11.4%, while recurring EBITDA rose 6.5% on a constant-currency basis to 563 million euros. Recurring free cash flow increased by 42% to 194 million euros.
In the first half of 2026, Accor opened 109 new hotels—representing approximately 14,000 rooms—and recorded a net hotel growth of 3.2% over the past 12 months. As of the end of June 2026, the group’s portfolio reached a total of 881,928 rooms across 5,835 hotels, while its development portfolio consisted of more than 268,000 rooms across 1,595 hotels. Accor’s consolidated revenue for the first half of 2026 rose by 3% on a constant-currency basis compared to the same period in 2025, reaching 2.76 billion euros.
Sébastien Bazin, Chairman of the Board and CEO of Accor, commented on the results, stating: "Despite the negative impacts of developments in the Middle East, we continued our strong growth in the first half of 2026. This performance reflects our momentum in key markets, the dedication of our teams, the strength of our brands, and our cost discipline. We remain committed to resolutely implementing our growth strategy by focusing on areas within our control. We aim to sustain our growth and implement our strategic roadmap for the remainder of 2026. The signing of the binding agreement regarding the transfer of our stake in Essendi marks a significant milestone in Accor’s transformation toward a simpler, more predictable, and asset-light business model. While hotel operations delivered a strong performance in the first two months of fiscal year 2026, developments in the Middle East at the end of February significantly impacted the macroeconomic and geopolitical environment in the second quarter. In particular, the slowdown observed in operations in the United Arab Emirates was most clearly reflected in the performance of the Lifestyle segment. Nevertheless, Accor continued to grow thanks to its diversified portfolio across geographic regions and segments, as well as its strict cost discipline.”
Accor aims to achieve RevPAR growth of between 2% and 2.5% for the remainder of 2026, network growth of approximately 3.5%, and recurring EBITDA in the range of 1.260 billion euros to 1.285 billion euros, taking into account the negative impact of approximately 10 million euros from exchange rate fluctuations.
