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