Accor

Hotels & hospitality · AC.PA

The Japan read

From the company's own filing for H1 2026 (Jan–Jun) · reported 2026-07-30 · the filing

JapanAccor names Japan, with Vietnam and Indonesia, for strong performance in Southeast Asia, which has driven its Middle East, Africa & Asia-Pacific region since the Middle East conflict began; it gives no Japan figure.

Other callouts in the filing

SegmentFirst-half RevPAR rose 2.2% (4.6% excluding the Middle East). In the second quarter luxury RevPAR rose 2.5% (9.1% excluding the Middle East) while lifestyle fell 11.3%, hit by its UAE resorts.
One-offNet profit halved to €114m on €113m of non-recurring costs, including a €44m valuation adjustment linked to selling its Essendi stake and €37m of restructuring; adjusted net profit was €231m, against €240m.
SegmentIt opened 109 hotels (nearly 14,000 rooms) in the half; its portfolio reached 881,928 rooms and its pipeline more than 268,000.
OutlookIt expects 2026 recurring EBITDA of €1,260–1,285m.

floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.

Show figures in

H1 2026 (Jan–Jun) · Year-to-Date

Reported 2026-07-30

Revenue€2.8bn+0.6%

Operating profit€0.3bn−26.3%

Net income€0.1bn−51.1%

Accor runs and franchises hotels from Raffles, Fairmont and Sofitel to Novotel, Mercure and ibis. In January–June 2026 revenue rose 0.6% to €2.76bn (3.0% at constant currency), operating profit fell 26.3% to €294m and net profit halved to €114m on one-off costs; Accor gives no Japan figure.