2026 Half-Year Results

Solid performances demonstrating the Group’s agility in a challenging global environment.

July 30, 2026

After a very strong start to fiscal year 2026, the conflict in the Middle East that erupted in late February created a challenging macroeconomic and geopolitical backdrop in the second quarter. Activity in the region, particularly in the United Arab Emirates, was significantly affected, with the impact most visible in our Lifestyle segment.

However, the diversification of our hotel portfolio, both geographically and across segments, combined with strict cost discipline, helped sustain the Group’s growth momentum.

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.

Sébastien Bazin

Chairman & CEO, Accor

Our 2026 Results at a Glance

Swipe through to discover the highlights of Accor’s 2026 half-year performance, the milestones achieved, and the strategies driving this momentum.

RevPAR +2.2% vs. H1 2025: Resilient Growth in a Challenging Environment

RevPAR increased by +2.2% in the first half of 2026, reflecting the resilience of Accor’s diversified portfolio.

Excluding the Middle East, RevPAR growth reached +4.6%, underlining solid momentum in key markets despite a disrupted geopolitical backdrop.

Group Revenue at €2,760m: Solid Top-Line Growth in H1 2026

The Group delivered €2,760m in revenue, representing an increase of +3.0% vs. H1 2025 at constant currency.

Growth was supported by Premium, Midscale & Economy revenue, which was up +2.2% at constant currency.

Recurring EBITDA at €563m: Strong Profit Growth Driven by Discipline

Recurring EBITDA reached €563m, reflecting an increase of 6.5% at constant currency compared with H1 2025.

Performance was supported by strict cost discipline and solid contribution from both divisions, with Premium, Midscale & Economy EBITDA up +4.0% and Luxury & Lifestyle up +8.5% at constant currency.

Pipeline Growth of 11.4%: Building the Next Wave of Growth

Accor's pipeline rose by 11.4%, reaching more than 268,000 rooms (1,595 hotels) at end-June 2026.

With net unit growth of 3.2% over the last 12 months and 109 hotel openings in H1 2025, the Group continues to expand its network, with a growing pipeline supporting future openings.

Share Buyback: €225m Second Tranche Launched in 2026

Accor announced a €450m share buyback program for 2026 with its 2025 annual results. After completing the first €225m tranche in H1, the Group has launched a second €225m tranche, executed under an agreement with an investment services provider.