Accor's third-quarter systemwide revenue per available room rose 4.9 per cent year on year as the Middle East conflict weighed less on results than in the second quarter, CFO Martine Gerow said on Thursday during the company's earnings call.
RevPAR was driven almost entirely by rate growth, with average daily rate up 4.7 per cent year on year to €117, and occupancy roughly flat, up 0.1 percentage point to 70.6 per cent.
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 per cent year on 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 per cent. It is also watching France, where analysts asked about the effect of ongoing unrest.
France accounts for 23 per cent 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 per cent 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 per cent year on year to €49, driven by 4.5 per cent growth in ADR to €76 and a 1.3 percentage point gain in occupancy to 64.8 per cent.
In the Middle East, Africa and Asia-Pacific region, RevPAR at premium, midscale and economy hotels rose 3.6 per cent year on year to €55. ADR grew 4.9 per cent to €81 while occupancy declined 0.9 percentage point to 67.9 per cent.
RevPAR at premium, midscale and economy hotels in the Europe North Africa region increased 2.5 per cent year on year to €80. ADR increased 1.8 per cent to €106 while occupancy bumped up 0.5 percentage point to 74.8 per cent.
Q3 RevPAR in Accor’s Luxury & Lifestyle division (which spans all regions) rose 8.3 per cent year on year to €180, driven by 7.2 per cent growth in ADR to €258 and a 0.7 percentage point rise in occupancy to 69.7 per cent.
Total third-quarter revenue increased 7.7 per cent year on 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 per cent over the last 12 months.
As of Sept. 30, the company’s portfolio totalled more than 5,850 hotels, or about 885,000 rooms. Its pipeline totalled more than 1,620 hotels, or more than 273,000 rooms.
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