Accor Reports Strong H1 2025 Amid Challenging Global Conditions

Accor Delivers Steady Growth in H1 2025 Despite Global Economic Pressures

Accor has reported a stable and resilient performance for the first half of 2025, demonstrating operational strength amid a complex global macroeconomic backdrop. The Group continued to execute its strategic roadmap while responding to evolving market conditions and external pressures, including inflationary trends, interest rate volatility, and geopolitical uncertainty in several markets.

Financial and Operational Highlights

• Revenue for H1 2025 remained in line with expectations, supported by strong performance in key markets, particularly Europe, the Middle East, and Asia-Pacific.

• EBITDA margins held firm, reflecting cost discipline and improved operational efficiencies across the portfolio.

• Net unit growth continued, driven by new openings and conversions, reinforcing the Group’s commitment to asset-light expansion.

• The Group added several new properties across its premium, midscale, and economy segments, further diversifying its global presence.

Market Dynamics

Travel demand remained solid in many regions, with leisure travel continuing to outperform corporate travel. Accor’s luxury and lifestyle brands reported stable occupancy and ADR (Average Daily Rate), while the midscale and economy segments benefited from robust domestic demand.

Despite positive industry trends, Accor noted pressures from elevated operating costs, currency fluctuations, and delays in project completions in specific markets. In response, the company prioritized flexible cost structures, data-driven decision-making, and targeted capital allocation.

Strategic Execution

Accor continued its transformation into a more focused and agile organization, with attention to three core priorities:

1. Brand Portfolio Optimization – Continued rollout of lifestyle brands under the Ennismore joint venture and deepening penetration of established brands across new geographies.

2. Digital and Tech Enablement – Investment in technology platforms to enhance guest personalization, streamline distribution, and improve revenue management.

3. Sustainable Hospitality – Ongoing initiatives under the Group’s ESG roadmap, including energy efficiency programs, local community engagement, and progress toward emission reduction targets.

Outlook

While external headwinds are expected to persist into the second half of the year, Accor anticipates continued demand in leisure and selectively improving trends in business travel. The Group remains focused on disciplined execution, enhancing operating leverage, and pursuing long-term value creation.

Sébastien Bazin, Chairman and CEO of Accor, commented:

“Our H1 performance reflects the strength of our business model and the commitment of our teams across the globe. We continue to adapt to a fast-changing environment while staying focused on long-term growth, innovation, and delivering consistent value to our stakeholders.”