Hotel group Accor beats first quarter revenue expectations

Accor SA

24/04/2025 16:45

April 24 (Reuters) - Accor ACCP.PA, Europe’s biggest hotel group by portfolio, reported a larger-than-expected rise in first-quarter revenue on Thursday, citing sustained global demand in the hospitality sector supported by its geographical diversification.

The operator of brands including Ibis and Novotel said revenue in the three months to March 31 reached 1.35 billion euros ($1.53 billion), up from 1.24 billion euros a year earlier and above the 1.31 billion euros forecast by analysts polled by the company.

"Our diversified geographic positioning and leadership in the most promising markets...enable us to continue to grow in a more volatile geopolitical and economic environment," Accor Chairman and CEO Sebastien Bazin said in a statement.

($1 = 0.8799 euros)

 (Reporting by Mateusz Rabiega and Dimitri Rhodes; Editing by Kirsten Donovan)

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