Accor has signed an agreement with a consortium of five banks for a new €560 million revolving credit facility, on top of the undrawn €1.2 billion facility signed in 2018.

In total, it now has more than €4 billion available, enough to survive for 40 months under current conditions.

Accor has re-opened 250 hotels since the end of April, currently operating around 42% of its network, and recently signed with insurance provider AXA to provide medical support to guests across its 5,000 hotels worldwide.

As soon as July, this partnership will enable guests to benefit from care thanks to the expert medical solutions of AXA Partners.

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