The signal
Luxury pricing power holds; the Gulf is the drag. A benchmark for 2027 budgets in Paris, the Riviera and Dubai.
Accor Q3: luxury RevPAR up 8.9%, full-year target raised
Revenue reached €1,503M (+7.7% at constant exchange rates) and group RevPAR rose 4.9%. Luxury & Lifestyle RevPAR grew 8.3%, 11.3% excluding the Middle East, where UAE RevPAR is still down about 20%. The 2026 EBITDA target moves up to €1,270–1,285M.