Accor Confirms Possible Ennismore IPO and Raises Profit Forecast

Accor on Thursday floated the idea of spinning out its Ennismore unit and also raised its full-year profit outlook. It also announced modest cost-cutting measures to help counter sluggish performance in some key markets.

"We are exploring the possibility of a potential listing of Ennismore, our lifestyle brands portfolio," CEO Sébastian Bazin said on an earnings call. "As a key asset for the Group, we intend, if this transaction occurs, to retain control while providing it with even more resources to accelerate its development."

Rising Profit Outlook

The Paris-based hotel group, which operates over 40 brands from budget Ibis to luxury Fairmont, now expects recurring 2025 earnings to grow between 11% and 12% at constant exchange rates. That's up two points from a range of 9% to 10%.

Accor's willingness to raise its forecast marks a reversal from the cautious tone that executives struck ea