Accor lifts profit outlook, plans buyback after narrow Q3 miss

Accor SA

23/10/2025 16:45

Oct 23 (Reuters) - Europe's biggest hotel group Accor ACCP.PA upgraded its core profit guidance on Thursday and said it planned to buy back shares worth 100 million euros ($117 million) in the fourth quarter.

However, the operator of brands including Ibis and Novotel reported quarterly revenues which narrowly missed market expectations.

Accor said it now aims to grow its earnings before interest, taxes, depreciation and amortisation (EBITDA) by 11%-12% in 2025, compared to previous guidance of between 9%-10%.

Its third-quarter revenue fell by nearly 5% year-on-year to 1.37 billion euros, slightly below the 1.4 billion forecast by analysts in a company-compiled consensus. The result was impacted by negative currency movements.

Revenue per available room (RevPAR), one of the industry's main performance indicators, was in line with the average forecast of 0.8% growth.

"The group's profit protection measures are proving effective... this is the rationale behind the launch of a new share buyback program", Accor's Chairman and CEO Sébastien Bazin said in the statement.

The buyback comes on top of two completed tranches for total value of 440 million euros.

The company also confirmed that it is considering listing its lifestyle hotel brand Ennismore. No further details were provided.

($1 = 0.8575 euros)

 (Reporting by Mateusz Rabiega; Editing by Matt Scuffham)

 ((Mateusz.Rabiega@thomsonreuters.com; +48 58 769 67 57;))