Accor reported a RevPAR increase of 2.2% in the first half of 2026 compared to the same time a year ago. Stripping out the Middle East, the French lodging behemoth said RevPAR would have seen a 4.6% jump. Accor said the conflict in the Middle East, which began in late February, disrupted the macroeconomic and geopolitical environment beginning in the second quarter, with the UAE most affected. Activity there was down nearly 80% in April before ending the quarter down around 40% in June. Saudi Arabia, Egypt and Turkey continued to post strong performance, Accor said.
“Once again this half-year, and despite the disruption caused by the situation in the Middle East, the Group delivered solid growth,” said Sébastien Bazin, chairman and CEO of Accor. “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.”
Last week, Accor said it agreed to sell its remaining 30.56% stake in Essendi (formerly AccorInvest) to a Blackstone-led consortium for $1.1 billion. “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,” Bazin said.
The deal includes about €675 million upon closing and an earn-out of up to €300 million. The transaction is expected to close in the fourth quarter of 2026, after which Accor plans an additional €500 million share buyback. Accor also confirmed the launch of a second €225 million tranche of its 2026 share buyback program, following an initial €225 million tranche launched in April.
Last month, Accor and H World Group announced a phased partnership expanding hotel choice and select loyalty benefits for ALL and H Rewards members across China, Europe and the Middle East. The agreement builds on the companies’ long-term partnership and combines Accor’s global brand portfolio and international distribution network with H World’s scale, direct channel strength and customer base in China. H Rewards has more than 310 million members, while ALL Accor serves almost 120 million members worldwide, bringing the combined membership base to 430 million across close to two million rooms in the two groups’ hotel networks. Both loyalty programs will continue to operate independently, with each platform maintaining its own identity and value proposition.
Accor opened 109 hotels during the first half, representing nearly 14,000 rooms and net unit growth of 3.2% over the trailing 12 months. As of June 30, 2026, Accor’s portfolio stood at 881,928 rooms across 5,835 hotels, with a pipeline of more than 268,000 rooms across 1,595 hotels, a pipeline increase of 11.4%.
For fiscal year 2026, Accor guided to full-year RevPAR growth of between 2% and 2.5%.
Also of note, last month Accor and H World Group announced a phased partnership expanding hotel choice and select loyalty benefits for ALL and H Rewards members across China, Europe and the Middle East.