Accor Says April and May Bookings Look Steady
Skift Take
Hotel industry shows activity with Accor confirming its outlook for the year without a downward revision and KHP Capital Partners securing $300 million for hotel acquisitions and renovations.
The DJIA rose 487 points, while the Nasdaq was the big percentage winner again, up 458 or 2.74%, while the S&P 500 was up 2.03% or 109 points. The 10-year treasury yield was down .08 to 4.31%. Lodging stocks were higher, led by AHT, up 6%, while SHCO and VAC were both up 5% on the day.
Accor beat 1st quarter expectations with RevPAR even rising 5%. Revenue in their luxury division was up 17.9%. In the quarter, Accor opened 45 hotels. More important was that they confirmed their guidance. For context, read Skift's story: Accor Says April Bookings Have Rebounded: No ‘Cracks in Demand.'
Due to the Easter holiday shift, the U.S. hotel industry reported mixed performance results year over year, according to March 2025 data. March 2025 (percentage change from March 2024): Occupancy: 63.6% (-0.3%) ADR: $161.78 (+1.1%) RevPAR: $102.89 (+0.8%). Among the Top 25 Markets, Miami experienced the hi
