Accor SA/€AC

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About Accor SA

Accor SA is a multinational hospitality company headquartered in Issy-les-Moulineaux, France. It operates in the hotel and lodging industry, managing a diverse portfolio of brands that range from luxury to economy accommodations. Some of its well-known brands include Sofitel, Novotel, Mercure, and ibis. Founded in 1967, Accor has expanded globally, establishing a presence in over 100 countries, making it one of the world's largest hotel operators. The company differentiates itself by providing a wide range of hospitality services and leveraging a robust loyalty program, enhancing customer engagement and retention. Its strategic focus on digital innovation supports efficient operations and personalized guest experiences.
Ticker
€AC
Primary listing
PAR
Employees
18,640

Accor SA Metrics

BasicAdvanced
€11B
41.01
€1.14
0.86
€1.35
2.89%

Bulls say / Bears say

Accor demonstrated operating resilience in H1 2026, with recurring EBITDA rising 6.5% at constant currency to €563 million despite the geopolitical disruption; management expects full-year recurring EBITDA of €1.260–€1.285 billion. (Accor)
The growth pipeline supports medium-term fee expansion: Accor’s pipeline increased 11.4% to more than 268,000 rooms, while net unit growth reached 3.2% over the preceding 12 months. (Accor)
Shareholder returns and business-model simplification provide potential catalysts: Accor launched the second €225 million tranche of its €450 million 2026 buyback and said the planned Essendi stake disposal will complete its transition toward an asset-light model. (Accor)
Geopolitical exposure remains a material risk: Accor said the Middle East conflict that began in late February 2026 significantly disrupted second-quarter activity, particularly in the Lifestyle segment. (Accor)
Currency remains a headwind for reported performance: H1 2026 revenue was reduced by €64 million from adverse foreign-exchange effects, including weakness in the U.S. dollar, UAE dirham and Turkish lira. (Accor)
Reported earnings quality weakened in H1 2026: net income attributable to the group fell to €114 million from €233 million, while non-recurring expenses reached €113 million and net financial expenses increased amid higher net debt. (Accor)
Data summarised monthly by Lightyear AI. Last updated on 9 Sept 2026.

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