Accor posted Q1 revenue of €1,313 million, missing the €1.33 billion consensus, and its ADR fell 3.5%.
Constant‑currency revenue grew 2.3% YoY, but reported revenue fell 2.7% due to currency headwinds.
RevPAR rose 5.1% overall, with Luxury & Lifestyle up 6.0% and Premium/Midscale/Economy up 4.5%.
UAE RevPAR fell 9%, pressuring Luxury, while Europe, Brazil and SE Asia posted strong growth; pipeline 260k rooms and €225 m buyback launched April 2.