Accor responds to ‘abrupt deterioration’

Paris Pullman Eiffel Tower

Accor said that it the number of its closed hotels to increase from over half to more than two thirds in the coming weeks.

The company added that had set up a €70m fund for employees, paid for with 25% of the group’s planned dividend

The group said that the “abrupt deterioration” in the situation had prompted it to take “drastic actions across its global operations”, which it described as “aggressive, incremental actions”. These included: a travel ban, hiring freeze, reduced sc

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

Register with your activation code to access this story.