Accor calls on 'discipline'

Onefinestay

Accor said that it was looking to discipline and adaptability as it reported a softening into September.

The company was buoyed over the summer by the leisure market in France and improvements in China.

The group had over €4bn in liquidity at the end of September, with a monthly cash burn under €80m. At the end of the quarter 90% of its estate was open.

Group revenue in the third quarter was down by 63.7% life for like to €329m. Revpar fell by 62.8% during the period, an improvement aft

Nothing like a good cliffhanger… care to see how the story ends?

Subscribe today for unlimited access to Hospitality Insights.