Accor reported first-half 2026 results with Management & Franchise revenue up 4.8% and EBITDA up 9.1% at constant currency, even as the Middle East conflict severely impacted Q2 results, with RevPAR in the region down 29%, particularly in the UAE, which saw a 67% decline in the quarter. Group EBITDA reached EUR563 million, up 6.5% at constant currency, while adjusted net profit was EUR231 million and adjusted EPS was EUR0.83, flat versus the prior year. Recurring Free Cash Flow came in at EUR194 million, up 42% versus the prior year. Excluding the Middle East, Q2 RevPAR grew 3.3%, and the company lowered its 2026 net unit growth guidance to approximately 3.5% due to delays in the region, churn in Germany, and closures in China. Accor activated a profit protection plan that delivered EUR40 million in savings in the first half, and it remains on track to exceed its EUR3 billion capital return target ahead of schedule.
Accor S. A.EBITDA up 9.1%, adjusted net profit EUR231M, FCF up 42%, and profit protection plan delivering savings despite Middle East impact.