Accor Sa (ACRFF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Accor Q1 twenty twenty six Revenue Presentation. Today's conference will be hosted by Martin Giraud, Group CFO. For the first part of the conference, the participants will be on listen only mode. During the questions and answer session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to Mrs. Giraud. Please go ahead. Welcome to the Accor Q1 twenty twenty six Revenue Presentation. Today's conference will be hosted by Martin Giraud, Group CFO. For the first part of the conference Good evening, everyone, and thank you for joining Accor's first quarter trading call. And so I'll start with the highlights on Page three. So we entered 2026, keeping pace with the fourth quarter of twenty twenty five with RevPAR in the mid to high single digits and all regions performing well through February, which demonstrates the attractiveness of our brands and the strength of our diverse portfolio. Despite the conflict in Iran, which impacted our business starting in mid March In some of the GCC countries, we delivered a strong RevPAR in the first quarter and we picked up the pace on net unit growth. Q1 RevPAR rose a solid 5.1%. March RevPAR remained positive at 1.6% despite the Iran conflict with all the regions, again, except some of the GTC performing above our expectations. The performance in the quarter was mostly driven by price for about two third, with occupancy rate improving by one point. From a business versus leisure standpoint, individual business and group leisure were the most dynamic segments in the quarter. Net unit growth reached 3.8% on a last twelve month basis, that's up from 3.7% at the end of twenty twenty five. Pipeline continues to grow at a healthy double digit growth, plu...