Accor Q1 revenue misses consensus as Middle East conflict weighs on luxury segment [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
Middle East conflict disrupted the hospitality group's performance in the region, sending its U.S.-listed ADRs down 3.5% following the release. Group revenue rose 2.3% at constant currency compared with the same period a year earlier, though currency headwinds dragged reported revenue down 2.7%. RevPAR grew 5.1% across the group, with the Luxury and Lifestyle division up 6.0% and Premium, Midscale and Economy up 4.5%. The Middle East was the most visible pressure point. The United Arab Emirates posted a 9% decline in RevPAR in the quarter, weighing on the Luxury and Lifestyle division. The Middle East accounted for 12% of the group's annual room revenue in 2025. Offsetting some of the regional weakness, Europe, Southeast Asia and the Americas performed well. Brazil delivered double-digit RevPAR growth, while Thailand, Indonesia, Singapore and Japan all showed solid momentum. Chairman and CEO Sébastien Bazin said the group's "diversified geographic footprint" and "ability to
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