Accor posted Q1 revenue €1.31bn, up 2.3% constant currency but 2.7% below expectations due to FX headwinds.
RevPAR rose 5.1% across the group, beating consensus of ~3.6% and JPMorgan estimate of 3.2%, driven by strong occupancy.
UAE RevPAR fell 9% (≈10% of Hotels division) while Saudi Arabia and Egypt held up; Brazil, Thailand, Indonesia and Europe remained resilient.
Accor launched €225m of a €450m buyback on April 2, added 48 hotels/6,700 rooms, pipeline 260,000 rooms across 1,545 hotels.