Accor posted Q1 revenue of €1.313 bn, missing the €1.33 bn consensus, and its ADR fell 3.5%.
Constant‑currency revenue rose 2.3% YoY, but reported revenue fell 2.7% due to currency headwinds.
RevPAR increased 5.1% overall, with Luxury & Lifestyle up 6.0% and Premium/Midscale/Economy up 4.5%.
UAE RevPAR fell 9%, hurting Luxury; Europe, Brazil, SE Asia and Japan posted strong growth; pipeline 260k rooms, €225 m buyback launched.