Accor 'seeing initial signs of business improvement'

The hotel giant said while operations were "still challenging", some markets were beginning to recover.

More than 40% of its network is currently operating, while the group has reopened 250 hotels since the end of April.

"In France, the lockdown relaxation and measures announced by the government to support tourism in the country are favourable elements," said Accor.

"RevPAR [revenue per available room] shows some recovery in China, while the number of opened hotels in the world increases every day in Asia and in Europe, notably in Germany."