Accor reports solid first-quarter performance with April bookings rebounding, showing no "cracks in demand".

From Yahoo Finance: 2025-04-24 13:30:00

Accor, the Paris-based hotel operator, reported solid first-quarter performance despite concerns about U.S. trade policies. April bookings rebounded, especially in popular French destinations like Paris and Provence. The company saw a 25% drop in European bookings to the U.S. this summer but managed the impact well.

Despite economic uncertainty, Accor’s revenue per available room (RevPAR) rose 5% year-over-year, driven by strong performance in various regions. The luxury segment showed particular growth, with 8.3% RevPAR increase worldwide. The hotel group reached 100 million loyalty program members and achieved 2.7% net unit growth.

Airlines face softer demand post-pandemic due to tariffs, federal layoffs, and weakened international demand. The Skift Travel 200 index tracks the financial performance of nearly 200 travel companies, including hotel brands, REITs, and alternative accommodations. Stay informed with breaking travel news and research at Skift.com.

Read more: Accor Says April Bookings Have Rebounded: No ‘Cracks in Demand’