Accor’s European Hotel Exposure Drives Staggering $2.4 Billion 2020 Loss

Christoph Weiss / AccorHotels Germany  / Wikimedia

Late 2020 lockdowns across Europe and into China severely impacted Accor's ability to recover from the pandemic. Christoph Weiss / AccorHotels Germany / Wikimedia



Skift Take: There may be optimism for the recovery, but Accor can’t ignore the multibillion-dollar financial drag the pandemic had on performance last year and how it reshaped the company for years to come.

— Cameron Sperance

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* This article was originally published here

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