
Accor has identified heat and drought as the primary threats to its hotel revenues in a warming world. In its latest filings, the company said it may shift growth towards regions with lower physical climate risks as well as cleaner energy grids.
According to the filing, the Paris-based hotel group, which operates more than 5,700 properties across 110 countries, completed a new climate risk analysis in 2025. It used an Intergovernmental Panel on Climate Change (IPCC) scenario as its basis, projecting global temperatures rising 2.1 degrees Celsius above pre-industrial levels by 2050 and 2.7 degrees by 2100.
Three Risks Identified
Beyond the impact of direct weather damage, Accor identified three business risks that arise
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