Accor shows improvement in Asia, Middle East & Africa and South America in Q4
Accor saw signs of significant recovery in all regions in the third quarter, with a strong summer season in Europe, after the low point seen in the second quarter (RevPAR down 88.2 per cent in Q2).
Against the unprecedented backdrop of the global health crisis, RevPAR was down 62 per cent in 2020. This marked decline reflects the dramatic deterioration in the industry linked to the spread of the Covid-19 virus worldwide, as well as lockdown measures and border closures implemented by governments throughout the world.
Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said, “