Accor Posts Strong Q3 as RevPAR Climbs 4.9%
Accor reported stronger third-quarter operations and agreed to sell its remaining Essendi stake to Blackstone and Colony IM.
Updated on Nov. 9, 2026 in Hotels
Accor reported a strong operational performance in the third quarter of 2026, with global RevPAR rising 4.9%. The company also agreed to sell its remaining 30.7% stake in the real estate vehicle Essendi to Blackstone and Colony IM.
Why it matters
The quarter's growth was led by luxury brands and the Americas, while premium, midscale and economy brands rose an average 2.5%. Proceeds from the Essendi sale will be returned to shareholders through a EUR500 million share buyback.
Accor opened 63 hotels and added nearly 9,000 rooms in the quarter, with a 9.5% growth in its pipeline. The Essendi stake is being sold for an initial EUR675 million plus a further EUR300 million earnest, and full-year EBITDA is expected to be close to EUR1,285 million.
The players
Accor
Accor is a major French hospitality group operating hotel brands across luxury, midscale and economy segments worldwide.
Blackstone
Blackstone is a large American alternative asset manager known for major real estate investments across the globe.
Colony IM
Colony IM is an investment manager that co-led the acquisition of Accor's remaining stake in Essendi.
The details
Accor upgraded its full-year outlook and expects group RevPAR at the upper end of its 2-2.5% range. Strength was concentrated in luxury and lifestyle brands and in the Americas, while the Middle East lagged.
Timeline
Q3 2026: Accor reports strong operational performance and opens 63 hotels.
Next quarter: Accor launches a strong roster of Sofitel hotels, including Sofitel Jabal Omar Makkah in Saudi Arabia.
Winter ski season: Pullman Kolasin Breza is scheduled to open in Montenegro.
Market Landscape
Accor's outperformance in luxury and lifestyle segments reflects continued demand concentration at the upper end of the hotel market. The gap between luxury growth and the 2.5% average for premium, midscale and economy brands shows how unevenly the recovery is spreading across the industry.
Travelers booking Accor-branded stays in the Americas or luxury brands may see the strongest pricing pressure, given the 8.9% and 6.5% RevPAR gains. Those planning around new openings such as Pullman Kolasin Breza in Montenegro or Sofitel Jabal Omar Makkah in Saudi Arabia can watch for launch-period availability.
The takeaway
Strong luxury and Americas performance suggests hotel demand remains concentrated in higher-end segments, so budget-conscious travelers may find more value in premium, midscale and economy brands that grew more slowly.
Further reading
Explore more on Hotels trends and hotel industry performance.
Source note: This article includes information reported by THP News.
