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Covid-19: Accor will suffer a loss of more than one billion euros in 2020


The sixth largest hotel group in the world aims to return to green from 2021, "in the event of the absence of a third wave of the pandemic".

The French hotel group Accor will show a net loss of more than one billion euros in fiscal 2020, but will improve its results from 2021, provided that the coronavirus pandemic remains under control, he warned. Monday.

Read also: Coronavirus: Accor creates a support fund with its dividends

Very affected by the health crisis, the world's sixth hotel group recorded a net loss of 1.5 billion euros in the first half.


The first tangible signs of recovery are already visible in Asia and the Pacific, reinforced by the announcements of the first anti-Covid vaccines

", nevertheless underlines the group.


Accor thus aims to return to a positive gross operating surplus from 2021, in the event of the absence of a third wave of the pandemic and the reopening of borders before the end of the first quarter of 2021


Read also: Accor marries Mama Shelter and Jo & Joe at the Hoxton hotels

The group, which was forced to close a large part of its hotels around the world for several months due to Covid-19, announced at the end of October a savings plan which will result in the elimination of a thousand jobs around the world, including “

300 to 400

” in France.

Source: lefigaro

All business articles on 2020-12-01

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