Accor posts better-than-expected first half earnings

Accor SA

31/07/2025 06:30

July 31 (Reuters) - Accor ACCP.PA, Europe's biggest hotel group, reported a larger-than-expected rise in first half earnings on Thursday, citing higher prices and the benefits of a diverse portfolio.

The French-based company reported a 9.4% rise in earnings before interest, taxes, depreciation and amortisation (EBITDA) to €552 million ($631 million), beating analysts' consensus estimate of €544 million provided by the company.

Accor's revenue per available room (RevPAR), one of the industry's main performance indicators, missed expectations for the second quarter at 4.1% against a company-provided consensus of 4.7%.

The operator of brands, including Ibis and Novotel said revenue in the six months to July 31 reached 233 million euros, down from 253 million euros a year earlier.

($1 = 0.8752 euros)

 (Reporting by Johan Bodinier in Gdansk)

 ((johangeorgesroger.bodinier@thomsonreuters.com))