Accor has seen group income fall to €329 million within the third quarter of 2020, down by 69 per cent on a reported and 64 per cent on a like-for-like foundation.
The decline was attributed to the continuing restrictions in journey created by the Covid-19 pandemic.
RevPAR on the lodge big fell by 63 per cent in the course of the third quarter of the yr.
This was, nonetheless, a big sequential enchancment within the wake of a troublesome second quarter, when RevPAR had been down by 88 per cent.
This enchancment displays a restoration in enterprise in all areas, and most particularly in Europe in the course of the summer time season, Accor mentioned in an announcement.
Nonetheless the downturn in leisure clients, along with the introduction of latest restrictions after the tip of August, pushed the restoration down in September.
Sébastien Bazin, chief government of Accor, mentioned: “Our performances in the course of the third quarter level to a marked restoration of enterprise in the course of the summer time season.
“The worst of the disaster is now behind us, however our primary markets are nonetheless considerably affected by the measures rolled out to fight the well being disaster.
“Solely China studies stable performances and may swiftly get better its exercise degree pre-crisis.
“Towards this nonetheless unsure context, self-discipline, adaptability and price management are essential.”
Accor opened 57 lodges in the course of the third quarter of the yr, or 7,800 rooms, which it mentioned have been encouraging figures, in step with these of the primary quarter of the yr, pre-Covid-19.
