Along with air transport, the hotel industry is undoubtedly the sector most weakened by the Covid-19 pandemic and its consequences. Intended to ride for years to come the predictable strong growth in global tourism and international trade, both were halted in their tracks by containment measures and border closures.
The half-year results published in recent days by the industry giants Marriott, InterContinental and Accor, which in fact no longer own any hotel, are edifying: all are in loss, due to the collapse of their revenues from franchise contracts and management reports signed with hotel owners. Faced with the meager prospects for recovery, they urgently initiate massive savings plans.
Read also: Deserted, hotels remain in great difficulty
Britain's InterContinental (Holiday Inn, Crowne Plaza), rescued a few months ago by a UK state-guaranteed loan of £ 600 million, posted a half-yearly loss of
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