Dive Brief:

• Accor posted Q3 revenue of about 1.4 million euros, or approximately $1.6 million, up 0.1% year over year for the quarter, according to a Thursday press release. The company attributed the result to a 1.1% year-over-year revenue decline in its Premium, Midscale and Economy division and a 0.2% year-over-year revenue increase in its Luxury & Lifestyle division.
• The France-based hospitality company’s overall RevPAR rose 0.8% year over year for the third quarter, CFO Martine Gerow said during an Oct. 23 earnings call. Its Premium, Midscale and Economy division posted a 1.1% RevPAR decrease for the period, despite a strong 7.1% RevPAR increase in the Americas region, driven by solid performance in Brazil. Accor’s Luxury & Lifestyle division RevPAR rose 5% for the period.
• Accor also confirmed on Thursday that its board is evaluating a possible stock market listing for Ennismore. In its release, Accor said an IPO “would enhance liquidity and flexibility to support Ennismore’s growth platform,” and added that Accor would remain the brand’s controlling shareholder, should a public offering be made.

Dive Insight:

Ennismore operates 192 hotels across multiple brands, including Delano, Mondrian and The Hoxton. Earlier this month, Ennismore announced agreements for new Delano hotels in New York and London and appointed Ben Pundole as Delano’s chief brand officer.

In 2024, Ennismore posted a net unit growth of 17.6% and an EBITDA of €170 million, according to Accor’s Thursday statement. Earlier this year, Accor and Ennismore added 17 hotels across the Americas, accounting for 3,200 keys.

During the earnings call, Gerow said there's no certainty that an IPO would be completed, and that the company would inform the market of any future developments.

“Right now, we have started a process of evaluating a potential listing that will obviously take a number of steps and will probably be, if indeed it is completed, at least a 12-month process,” Gerow said.

Meanwhile, Accor Chairman and CEO Sébastien Bazin said Accor opened 77 hotels in the third quarter of 2025, representing 11,200 rooms. He added that at the end of September, the company had a hotel portfolio of 5,760 hotels, or 859,830 rooms, with a pipeline of 1,453 hotels, or more than 250,000 rooms.

“The Group continued to grow and develop its network during the third quarter of 2025,” Bazin said in the earnings report. “This performance demonstrates the appeal of its brands and the diversity of its geographical locations, which have enabled it to maintain strong momentum despite a mixed macroeconomic environment.” He added that Accor is pursuing a growth trajectory and “activating new levers for value creation,” including “the possibility of a potential listing of Ennismore, our lifestyle brands portfolio.”

Accor affirmed its full-year 2025 guidance of RevPAR growth between 3% and 4%, and net unit growth of around 3.5%. The company also raised its recurring EBITDA growth guidance for the period to between 11% and 12%, up from its previous guidance of between 9% and 10%.

Hilton and Wyndham Hotels & Resorts, both of which also posted Q3 earnings last week, lowered their respective RevRAR growth outlooks for full-year 2025.