{"id":7850,"date":"2026-04-24T19:58:36","date_gmt":"2026-04-24T16:28:36","guid":{"rendered":"https:\/\/fajr.news\/?p=7850"},"modified":"2026-04-24T19:58:36","modified_gmt":"2026-04-24T16:28:36","slug":"accors-middle-east-hotel-performance-shows-impact-of-war-in-iran","status":"publish","type":"post","link":"https:\/\/fajr.news\/?p=7850&lang=en","title":{"rendered":"Accor’s Middle East Hotel Performance Shows Impact of War in Iran"},"content":{"rendered":"

Accor Navigates Middle East Conflict, Reports Mixed Q1 Performance<\/strong><\/p>\n

The French hotel giant Accor is currently navigating the complex ramifications of the ongoing conflict in Iran, even as it strives to advance its broader corporate objectives. The company’s hotels across the Middle East began experiencing significant business impacts from mid-March, as disclosed by Group CFO Martine Gerow during Accor’s first-quarter earnings call. Despite these regional disruptions, Accor’s overall hotel revenue per available room (RevPAR) and net unit growth demonstrated resilience during the first quarter.<\/p>\n

Globally, Accor reported an increase in occupancy by 1% to 61.5% for the period. The average daily rate (ADR) also saw a rise of 3.4% to \u20ac112 ($131), contributing to a 5.1% increase in revenue per available room (RevPAR) to \u20ac69.<\/p>\n

However, the United Arab Emirates, a key market representing 27% of Accor’s hotel room count in the Middle East and Africa, witnessed a 9% decline in RevPAR. Accor’s earnings release explicitly stated, “The conflict in the Middle East, which began at the end of February, has since severely disrupted the macroeconomic and geopolitical context. Activity in the Middle East, primarily in the United Arab Emirates, has been strongly impacted.”<\/p>\n

As of December 2025, the Middle East constituted 8% of Accor\u2019s total room portfolio and 12% of its projected 2025 room revenue. The UAE alone accounts for 3% of Accor’s global network.<\/p>\n

While Ms. Gerow anticipates continued regional declines in April, she also highlighted some positive developments. Schools in the UAE have reopened, and “air traffic is also increasing in the GCC.” Furthermore, hotel performance in Egypt and Saudi Arabia remains stable.<\/p>\n

Accor’s performance is being bolstered by its other global regions. For instance, the decline observed in the UAE was effectively offset by a robust 9.1% RevPAR increase across Accor’s U.S. premium, midscale, and economy divisions. Ms. Gerow noted no apparent “cracks in demand” for future bookings outside the Middle East, with a noticeable pickup in demand in the Mediterranean and North Africa regions.<\/p>\n

On a constant-currency basis, Accor\u2019s global revenue rose by 2.3% year-over-year, reaching \u20ac1.31 billion. However, when calculated as a “reported change,” this metric indicated a 2.7% decline.<\/p>\n

In terms of development, Accor’s “pipeline continues to grow at a healthy double-digit pace, up 10.3% (year-on-year) in the first quarter,” aligning with the company’s goal of accelerating towards the higher end of its 3% to 5% midterm guidance.<\/p>\n

The earnings call also revealed two other significant points: Accor initiated another tranche of share buybacks valued at \u20ac250 million, and Ms. Gerow addressed the April 1 memorandum of understanding with Essendi and Blackstone to divest a 30.56% stake in its hotel assets for “up to \u20ac975 million.” Accor is confident in completing this deal within the second quarter, expecting to receive \u20ac675 million upon closing and an earn-out of up to \u20ac300 million.<\/p>\n

At press time, Accor\u2019s stock was trading on the Euronext Stock Exchange at \u20ac42.82 per share, reflecting a 0.9% decrease year-to-date, while Euronext itself saw a 2.25% increase over the same period.<\/p>\n

#Accor #HotelIndustry #MiddleEastConflict #Q1Earnings #HospitalityNews #UAEHotels #GlobalHospitality #RevPAR #FinancialResults #HotelDevelopment<\/p>\n","protected":false},"excerpt":{"rendered":"

Accor Navigates Middle East Conflict, Reports Mixed Q1 Performance The French hotel giant Accor is currently navigating the complex ramifications of the ongoing conflict in Iran, even as it strives to advance its broader corporate objectives. The company’s hotels across the Middle East began experiencing significant business impacts from mid-March, as disclosed by Group CFO […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-7850","post","type-post","status-publish","format-standard","hentry","category-middle-east-news"],"_links":{"self":[{"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/posts\/7850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7850"}],"version-history":[{"count":0,"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/posts\/7850\/revisions"}],"wp:attachment":[{"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}