Q1 2020 Accor SA Corporate Sales Call Transcript
(Operator Instructions) I will now hand you over to your host, Sébastien Bazin, Chairman and CEO, to begin today's conference. Thank you.
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Good afternoon, everyone. Thank you so much for connecting yourself to the first quarter revenue results for Accor.
So we're going to go swiftly on the numbers of pages. If you could go to Page #4, where you have the global map of the world, which you obviously see first with the red dot is where the epidemic is unfortunately present and growing in many of those jurisdictions. And the title says that, I guess, 90% of Accor hotels globally are either closed for business or they close for booking, and mini centers owners for insurance and other reasons wants the hotel to be maintained open even though there is no occupancy.
If you want to have a precise number, the numbers are following as of last night: We have 3,142 hotels being closed out of a network of 5,085, which is 62% of the portfolio is closed. Closed, meaning really, basically,
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