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
Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said:
“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.
Looking ahead to the rest of 2026, we expect growth to continue and we remain fully focused on executing our strategic roadmap. The signing of a definitive binding agreement with leading investors for the disposal of our stake in Essendi is an important milestone, completing Accor’s transformation into a resolutely asset-light model that is simple, clear and predictable.”
First-half 2026 openings
During the first half of 2026, Accor opened 109 hotels, corresponding to nearly 14,000 rooms, representing a net unit growth of 3.2% over the last 12 months.
Network
At the end of June 2026, the Group had a hotel portfolio of 881,928 rooms (5,835 hotels) and a pipeline of more than 268,000 rooms (1,595 hotels).
Outlook
For fiscal year 2026, Accor is providing the following outlook:
(1) Depending on the recovery pace in the UAE
(2) Based on an expected euro–US dollar exchange rate of 1.14 in the second half of 2026
