Accor impresses with strong Q1 revenue growth
By Benjamin Chiou
Date: Friday 25 Apr 2025
(Sharecast News) - Shares in Accor were rising strongly in Paris on Friday after the French hotel group reported solid increase in first-quarter revenues and reaffirmed its mid-term growth outlook despite a "volatile" environment.
Revenues were up 9.2% year-on-year at €1.35bn over the first three months of 2025.
Revenue per available room (or RevPAR), a key growth measure in the hotel industry, was up 5% with 90% of that growth coming from pricing and 10% by occupancy rates.
The company opened 45 hotels and added nearly 6,000 rooms during the period, corresponding to 2.7% net unit growth, which is expected to pick up in the second half.
By the end of March, Accor had a global network of more than 847,000 rooms across 5,695 hotels, while its pipeline stood at 235,000 rooms across 1,388 future hotels.
"Accor has once again posted dynamic growth in its business this quarter, driven by continued strong demand," said chief executive and chair Sébastien Bazin. "Our diversified geographic positioning and leadership in the most promising markets, combined with the strength of our attractive and distinctive brands, enable us to continue to grow in a more volatile geopolitical and economic environment."
Bazin added: "In this context, while maintaining strong operational discipline, we are pursuing our strategy of development and value creation and are confident in our ability to continue improving our performance."
The stock was trading 4.7% higher at €42.56 by 1200 in Paris.
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