Accor’s Full-Year 2025 Results Solid results above 2025 guidance

Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said: “Once again the Accor Group delivered solid performance in 2025, in line with its medium-term objectives. This consistent year-on-year improvement in results confirms the strength of the Group's business model, the attractiveness of its brands, the relevance of its geographic positioning, and the commitment of its teams.

Headline Performance
- RevPAR: Up 4.2% for FY 2025, with a strong +7.0% in Q4.
- Net Unit Growth: +3.7%, with 303 hotels opened (≈51,000 rooms).
- Recurring EBITDA: €1,201M, up 13% at constant currency (above guidance).
- Adjusted EPS: Up 16%.
- Shareholder Returns: €450M share buyback program announced for 2026.

Portfolio & Pipeline
- End of 2025: 5,836 hotels / 881,427 rooms.
- Pipeline: 1,527 hotels / 257,000 rooms.
- Strong expansion in Luxury & Lifestyle segment (+9.8% revenue growth).

Regional Highlights (Q4 2025 RevPAR)
- Europe & North Africa: +3.3% (France rebounded after Olympic dip).
- Middle East, Africa, Asia-Pacific: +7.6% (ex-China +10.4%).
- Pacific: Double-digit growth.
- Americas: +11.7%, boosted by COP30 in Brazil.
- Luxury & Lifestyle division: +9.5% overall, with resorts in Turkey, Egypt, UAE leading growth.

Financials
- Revenue: €5,639M (+4.5% at constant currency).
- PM&E division: €2,853M (+2.4%).
- Luxury & Lifestyle division: €1,598M (+9.8%).
- Net Profit (Group share): €449M (down from €610M in 2024 due to fewer asset disposals).
- Adjusted Net Profit: €504M (vs. €423M in 2024).
- Recurring Free Cash Flow: €632M (+3%).
- Net Debt: €3,064M (vs. €2,495M in 2024).
- Dividend Proposal: €1.35/share (+7%).

Strategic Moves in 2025
- India Partnership: Accor + InterGlobe to create a major hospitality platform, targeting 300 hotels by 2030.
- Americas Expansion: Acquisition of Royal Holiday Group’s 17 hotels (3,200 rooms).
- Ennismore: Preparing for potential IPO; delivered 18% net unit growth and €205M EBITDA contribution.
- Bond Issues: €600M (Feb 2025) and €500M (Aug 2025) successfully placed.
- Share Buybacks: €440M completed across two tranches.

Outlook (2023–2027 Targets)
- RevPAR CAGR: +3–4%.
- Net Unit Growth CAGR: +3–5%.
- M&F revenue CAGR: +6–10%.
- Recurring EBITDA CAGR: +9–12%.
- Shareholder returns: ~€3B over 2023–2027.

Accor’s results show resilient growth despite macro challenges, with Luxury & Lifestyle driving momentum and India emerging as a major strategic focus.