Accor addresses Middle East disruption in Q1 earnings

PARIS — Despite disruptions from the continuing effects of the war in Iran, Accor reported RevPAR and net unit growth gains as part of its first-quarter earnings.

Accor said its hotel business during the first two months of 2026 was remarkably solid, consistent with similar momentum observed in Q4 of 2025, but said the conflict in the Middle East has since severely disrupted the macroeconomic and geopolitical context. Activity in the Middle East, primarily in the United Arab Emirates, has been strongly impacted, while demand in other Accor geographies is holding up.

In the first quarter, Accor opened 48 hotels and more than 6,700 rooms, representing a net unit growth of 3.8% over the last 12 months. Through Q1, Accor had a hotel network of 879,676 rooms (5,815 hotels) and a pipeline of 260,000 rooms (1,545 hotels).

“In the first quarter of 2026, the group once again posted steady growth, as the strong momentum from the start of the year more than offset the effects of the conflict in the Middle East,” said Sébastien Bazin, chairman and CEO of Accor. “On the ground, our teams are fully committed to adapting our operations to the needs of our property owners and customers. The group has also implemented measures to protect results, enabling us to minimize the impact of the situation on our performance, prepare for the rebound, and capture growth in regions temporarily benefiting from increased demand, such as Europe and Southeast Asia. Our diversified geographic footprint, the quality of our brand portfolio, and our ability to adapt thus allow us to be confident in our ability to once again deliver improved performance in 2026.”

Accor posted RevPAR gains in Q1 across a number of regions and chain scales, including:

• The company’s Premium, Midscale and Economy (PM&E) division posted a 4.5% increase in RevPAR YOY, primarily driven by ADR. 
• The Europe North Africa (ENA) region posted a 2.7% YOY increase in RevPAR, driven almost solely by the occupancy rate.
• The Middle East, Africa and Asia-Pacific region posted a 5.5% YOY increase in RevPAR, driven by ADR.
• The Americas region, which mainly reflects the performance of Brazil (59% of the region's room revenue), posted a 9.1% YOY increase in RevPAR.
• The Luxury & Lifestyle (L&L) division posted a 6% YOY increase in RevPAR, driven mostly by ADR.

Revenue was up in Q1 to €1.313 billion, up 2.3% YOY at constant currency. This increase breaks down into a 4.6% rise at constant currency for the PM&E division and a 0.7% decrease at constant currency for the L&L, which was negatively impacted by disposals accounting for 6.2%.