Slide 1: Q3 2025 Revenue
Q3 2025 Revenue O c t o b e r 2 3 rd, 2 0 2 5
Slide 2: Disclaimer
Disclaimer By reading the following presentation slides, you further agree to be The main risk factors are further developed in Accor’s Universal Registration bound by the following limitations and qualifications: Document which is filed with the AMF (Autorité des Marchés Financiers) and is availabl
Slide 3: Q3 2025 Financial Highlights
Q3 2025 Financial Highlights Positive RevPAR, Cost Discipline driving NUG Acceleration Recurring EBITDA Guidance Upgrade Q3 25 RevPAR +0.8% L/L vs. Q3 24 Profit-protection measures 1 off high comp. base in ENA 1 of more than €20m to mitigate FX headwind September RevPAR up +3.0% L/L LTM Net Unit Gro
Slide 4: Q3 RevPAR Growth
Q3 25 RevPAR Growth Premium, Midscale & Economy Luxury & Lifestyle +5.3% excl. +7.1% +6.9% China +5.0% +2.7% +4.3% (4.6)% (1.1)% ENA MEA APAC Americas Total Total Luxury Lifestyle Total Total Occupancy Rate Average Room Rate XX% RevPAR L/L year-on-year ACCOR – Q3 2025 REVENUE 4
Slide 5: Portfolio as of September 30th, 2025
Portfolio as of September 30th, 2025 Premium, Midscale & Economy Luxury & Lifestyle LTM Net LTM Pipeline Pipeline as % LTM Net LTM Pipeline Pipeline as % Unit Growth Growth of Portfolio Unit Growth Growth of Portfolio +2.0% +9.5% 26% +5.3% +4.0% 44% In rooms In rooms 327k 332k 86k 130k 42k 47k 72k 2
Slide 6: Services to Owners Breakdown
Services to Owners Breakdown Sales, Marketing, Distribution & Loyalty Reimbursed costs NATURE OF THE SERVICES (SMDL) incurred on behalf of hotel owners RevPAR & NUG North American REVENUE DRIVERS Distribution channel mix payroll costs Loyalty & Partnerships RECURRING EBITDA 6%+ Pure pass-through MAR
Slide 7: Group Revenue Synthesis
Delano Dubai, UAE Group Revenue Synthesis In € millions Q3 2024 Q3 2025 Reported At constant change currency M&F 358 354 (0.9)% +3.1% HA & OTHER 414 382 (7.6)% (3.1)% SMDL (2) 373 353 (5.3)% (1.6)% (3) (1) REIMBURSED COSTS 312 297 (4.9)% +2.3% INTERCOS (22) (18) N/A N/A TOTAL REVENUE 1,434 1,369 (4.
Slide 8: M&F Revenue
M&F Revenue In € millions Q3 2024 Q3 2025 Reported At constant change currency ENA 152 142 (6.8)% (6.5)% MEA APAC 67 64 (5.3)% +2.9% AMERICAS 19 23 +18.5% +26.5% PREM., MID. & ECO. 238 228 (4.3)% (1.2)% LUXURY 84 85 +1.2% +6.9% LIFESTYLE 35 41 +17.6% +23.1% LUXURY & LIFESTYLE 119 126 +6.0% +11.7% TO
Slide 9: Upgraded FY 2025 Recurring EBITDA Guidance
Upgraded FY 2025 Recurring EBITDA Guidance RevPAR Growth Net Unit Growth like-for-like 3.0 – 4.0% c.3.5% Recurring EBITDA Growth at constant currency 11 - 12% (1) Including €20m+ profit-protection measures vs. +9-10% previously (1) CONSTANT CURRENCY BASED ON FY24 AVERAGE EXCHANGE RATE ASSUMING FX RA
Slide 10: Ennismore Update
Ennismore Update Created in 2021, Ennismore is a leading player in the fast-growing Lifestyle 1 hospitality segment with 192 hotels and 500+ restaurants and bars 2 The Board has approved the evaluation of a potential listing of Ennismore A listing would enhance liquidity and flexibility to support 3
Slide 11: Appendices
Swissôtel Damian Jasna, Slovakia Appendices Appendices THE SEBEL DARLING HARBOUR THE PINNACLE SYDNEY, AUSTRALIA ACCOR – Q3 2025 REVENUE 11
Slide 12: Group Revenue Breakdown
Group Revenue Breakdown In € millions Q3 2024 Q3 2025 Reported At constant change currency M&F 238 228 (4.3)% (1.2)% SMDL (1) 270 244 (9.7)% (6.4)% (2) HA & OTHER 265 260 (1.9)% +4.4% PREM., MID. & ECO. 773 732 (5.4)% (1.1)% M&F 119 126 +6.0% +11.7% SMDL (1) 102 109 +6.2% +11.2% HA & OTHER 150 123 (
Slide 13: Q3 2025 Revenue vs. Q3 2024 – From Like-for-Like to Reported
Q3 2025 Revenue vs. Q3 2024 – From Like-for-Like to Reported +1.5% (1.3)% (4.7)% (4.6)% Like-for-Like Perimeter Currency Reported €21m €(19)m €(68)m €(66)m Mainly the disposal Negative currency effect of Paris Society "Festive" business AUD: €(18)m USD: €(17)m CAD: €(8)m TRY: €(7)m BRL: €(4)m AED: €
Slide 14: YTD Group Revenue Growth
Delano Dubai, UAE YTD Group Revenue Growth In € millions YTD 2024 YTD 2025 Reported At constant change currency M&F 669 655 (2.0)% +0.2% SMDL (1) 711 693 (2.6)% (0.1)% (2) HA & OTHER 769 750 (2.5)% +3.3% PREM., MID. & ECO. 2,150 2,098 (2.4)% +1.2% M&F 361 370 +2.4% +5.9% SMDL (1) 282 303 +7.2% +10.3
Slide 15: YTD M&F Revenue
YTD M&F Revenue In € millions YTD 2024 YTD 2025 Reported At constant change currency ENA 406 389 (4.2)% (4.3)% MEA APAC 207 208 +0.2% +4.7% AMERICAS 56 58 +5.0% +15.6% PREM., MID. & ECO. 669 655 (2.0)% +0.2% LUXURY 243 258 +6.0% +9.8% LIFESTYLE 118 112 (5.1)% (2.0)% LUXURY & LIFESTYLE 361 370 +2.4%
Slide 16: YTD 2025 Revenue vs. YTD 2024 – From Like-for-Like to Reported
YTD 2025 Revenue vs. YTD 2024 – From Like-for-Like to Reported +2.9% +0.4% (3.3)% +0.0% Like-for-Like Perimeter Currency Reported €121m €17m €(136)m €2m Mainly Rikas acquisition & Negative currency effect Paris Society new venues AUD: €(36)m BRL: €(25)m USD: €(20)m CAD: €(17)m TRY: €(14)m EGP: €(10)
Slide 17: Group Revenue Breakdown
Group Revenue Breakdown In € millions Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 M&F 192 239 238 230 200 228 SMDL (1) 203 238 270 (2) 240 214 234 HA & OTHER 246 259 265 276 238 253 PREM., MID. & ECO. 642 735 773 746 651 715 M&F 102 140 119 132 122 122 SMDL (1) 85 96 102 109 93 101 HA & OTHER 11
Slide 18: RevPAR
3 RevPAR ACCOR – Q3 2025 REVENUE 18
Slide 19: RevPAR – Systemwide
RevPAR – Systemwide Q3 2025 vs. Q3 2024 YTD 2025 vs. YTD 2024 OR ARR REVPAR OR ARR REVPAR ENA 74.3 0.8 104 (5.5) 78 (4.6) 68.5 1.1 102 (1.8) 70 (0.3) MEA APAC 69.6 (0.9) 76 4.0 53 2.7 67.0 (0.7) 82 3.9 55 2.9 AMERICAS 63.6 0.9 67 5.7 43 7.1 60.5 1.8 69 6.4 42 9.6 PREM., MID. & ECO. 71.1 0.1 89 (1.2)
Slide 20: Portfolio
4 Portfolio ACCOR – Q3 2025 REVENUE 20
Slide 21: Portfolio as of September 30th, 2025
Portfolio as of September 30th, 2025 Owned & Leased Managed Franchised Total #HOTELS #ROOMS #HOTELS #ROOMS #HOTELS #ROOMS #HOTELS #ROOMS ENA 8 2,493 752 118,585 2,166 206,368 2,926 327,446 MEA APAC 37 6,809 808 184,251 969 140,925 1,814 331,985 AMERICAS 52 10,532 169 28,113 235 33,350 456 71,995 PRE
Slide 22: Exchange rates
5 Exchange rates ACCOR – Q3 2025 REVENUE 22
Slide 23: Q3 2025 Exchange Rates
Q3 2025 Exchange Rates 1 foreign currency = X euro Q3 2024 Q3 2025 Q3 2025 Average Rate Average Rate vs. Q3 2024 AMERICAN DOLLAR (USD) 0.91 0.86 (6)% AUSTRALIAN DOLLAR (AUD) 0.61 0.56 (8)% BRAZILIAN REAL (BRL) 0.16 0.16 (5)% TURKISH LIRA (TRY) 0.03 0.02 (23)% CANADIAN DOLLAR (CAD) 0.67 0.62 (7)% BRI
Slide 24: YTD 2025 Exchange Rates
YTD 2025 Exchange Rates 1 foreign currency = X euro YTD 2024 YTD 2025 YTD 2025 Average Rate Average Rate vs. YTD 2024 AMERICAN DOLLAR (USD) 0.92 0.90 (3)% AUSTRALIAN DOLLAR (AUD) 0.61 0.57 (6)% BRAZILIAN REAL (BRL) 0.18 0.16 (10)% TURKISH LIRA (TRY) 0.03 0.02 (19)% CANADIAN DOLLAR (CAD) 0.68 0.64 (5
Slide 25: Glossary
6 Glossary ACCOR – Q3 2025 REVENUE 25
Slide 26: Glossary
Glossary Division Region Like-for-like (L/L) definitions organization definition for P&L figures • M&F: • ENA: • Foreign exchange changes vs. Management & Franchise Europe North Africa including Euro are cancelled applying the France, Germany and UK n-1 exchange rate to year n • SMDL: Sales, Marketi
Slide 27: ACCOR
ACCOR