The Sofitel Downtown Dubai hotel. Accor, which owns the Sofitel, Fairmont, Mercure and Ibis hotel brands,  is scrapping a €280 million dividend as it closes two-thirds of hotels in response to the coronavirus outbreak. Courtesy of Softel Dubai Downtown
The Sofitel Downtown Dubai hotel. Accor, which owns the Sofitel, Fairmont, Mercure and Ibis hotel brands,  is scrapping a €280 million dividend as it closes two-thirds of hotels in response to the corShow more

Travel and Tourism

French hotel group Accor closes two-thirds of hotels and furloughs three quarters of its staff

Company is temporarily laying off more than 200,000 workers as more than 3,000 of its hotels are shut

The National

April 08, 2020