Accor Q3 2026 revenue €1.503 billion and raises EBITDA guidance

On October 22, 2026, Accor released its third-quarter 2026 operating data: quarterly revenue was €1.503 billion, up 7.7% at constant exchange rates, and system-wide RevPAR rose 4.9% year on year. In the quarter, 63 hotels and nearly 9,000 rooms were opened, and net unit growth over the past 12 months was 3.0%. By division, RevPAR in the Luxury & Lifestyle division rose 8.3%; by region, the Middle East was affected by conflict, and RevPAR in the UAE was still down about 20% year on year. Based on the above performance, Accor raised its full-year recurring EBITDA guidance to €1.270–1.285 billion. On the same day's earnings call, Accor Chief Financial Officer Martine Gerow said that third-quarter RevPAR growth came almost entirely from room rates, with average daily rate up 4.7% year on year to €117 and occupancy up slightly by 0.1 percentage point to 70.6%. An October 23 report said that on Thursday's earnings call, Gerow said that because of the riots in France, the company had incorporated some prudence regarding the French market into its full-year outlook, and remained cautious about a possibly larger decline in the Middle East market amid the US-Iran war and the Saudi-Houthi war; France is Accor's largest market, accounting for 23% of global room revenue, of which the Paris region accounts for about 12%, the Middle East about 11%, the UAE about 4%, and Saudi Arabia about 5%. Some analysts believe Accor's implied guidance for the fourth quarter is on the conservative side. A November 3 report reiterated third-quarter revenue of €1.503 billion, growth of 7.7% at constant exchange rates, global RevPAR growth of 4.9%, occupancy up slightly by 0.1 percentage point to 70.6%, and average room rate up 4.7%, and stated that RevPAR in the Chinese market continues to come under pressure.