Accor Earnings: Middle East Headwinds Continue, but Brand Advantage Remains Intact
Accor's first-half revenue per available room, or revPAR, increased 2.2%, which included a 0.2% decrease in the second quarter. Unit and pipeline growth were up 3.2% and 11.4%, respectively, in the first six months of the year, while recurring adjusted EBITDA rose 6.5% in constant currency.