Operator

Welcome to the Accor Q1 2026 Revenue Presentation. Today's conference will be hosted by Martine Gerow, Group CFO. [Operator Instructions] Now I will hand the conference over to Mrs. Gerow. Please go ahead.

Martine Gerow
Group CFO & Member of Management Board

Good evening, everyone, and thank you for joining Accor's first quarter trading call. And so I'll start with the highlights on Page 3. So we entered 2026 keeping pace with the fourth quarter of 2025 with RevPAR in the mid- to high single digits and all regions performing well through February, which demonstrates the attractiveness of our brands and the strength of our diverse portfolio. Despite the conflict in Iran, which impacted our business starting in mid-March, in some of the GCC countries, we delivered a strong RevPAR in the first quarter, and we picked up the pace on net unit growth.

Q1 RevPAR rose a solid 5.1%. March for RevPAR remained positive at 1.6% despite the Iran conflict with all the regions, again, except some of the GCC performing above our expectations. The performance in the quarter was mostly driven by price for about 2/3 with occupancy rate improving by 1 point. From a business versus leisure, standpoint, individual business and group leisure were the most dynamic segments in the quarter.