Accor's third-quarter systemwide revenue per available room rose 4.9 percent year over year as the Middle East conflict weighed less on results than in the second quarter, CFO Martine Gerow said Thursday during the company's earnings call.
RevPAR was driven almost entirely by rate growth, with average daily rate up 4.7 percent year over year to €117, and occupancy roughly flat, up 0.1 percentage point to 70.6 percent.
Gerow said room revenue was driven by a mix of business and leisure travel, and that group business travel revenue grew in low double-digit percentages during the quarter.
Despite the ongoing conflict in the Middle East, Gerow said there was "solid growth" for the third quarter in Saudi Arabia, Egypt and Turkey. The United Arab Emirates remained the only country still affected with RevPAR down by around 20 percent year over year.
Looking ahead, Gerow said Accor is being cautious about the fourth quarter. The company faces a tough comparison with the fourth quarter of 2025, when RevPAR rose 7 percent. It is also watching France, where analysts asked about the effect of ongoing unrest. France accounts for 23 percent of Accor’s room revenue, according to Gerow. The Paris metropolitan area is about half of that, and the city of Paris alone is about 7 percent of group room revenue.
“What we see thus far is we see a bit of a pickup in the cancellations, but we don’t see anything that concerns us in terms of forward booking,” Gerow said.
Accor Q3 Metrics
In the Americas region, third-quarter RevPAR at premium, midscale and economy hotels increased 6.5 percent year over year to €49, driven by 4.5 percent growth in ADR to €76 and a 1.3 percentage point gain in occupancy to 64.8 percent.
In the Middle East, Africa and Asia-Pacific region, RevPAR at premium, midscale and economy hotels rose 3.6 percent year over year to €55. ADR grew 4.9 percent to €81 while occupancy declined 0.9 percentage point to 67.9 percent.
RevPAR at premium, midscale and economy hotels in the Europe North Africa region increased 2.5 percent year over year to €80. ADR increased 1.8 percent to €106 while occupancy bumped up 0.5 percentage point to 74.8 percent.
Q3 RevPAR in Accor’s Luxury & Lifestyle division (which spans all regions) rose 8.3 percent year over year to €180, driven by 7.2 percent growth in ADR to €258 and a 0.7 percentage point rise in occupancy to 69.7 percent.
Total third-quarter revenue increased 7.7 percent year over year at constant currency to €1.5 billion.
Accor opened 63 hotels comprising nearly 9,000 rooms during the third quarter, representing net unit growth of 3 percent over the last 12 months. As of Sept. 30, the company’s portfolio totaled more than 5,850 hotels, or about 885,000 rooms. Its pipeline totaled more than 1,620 hotels, or more than 273,000 rooms.
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