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France's Accor can withstand COVID-19 situation for another two years - CEO

Reuters
FILE PHOTO: The logo of French hotel operator AccorHotels is seen on top of the company's headquarters near Paris

PARIS (Reuters) - French hotel group Accor has the resources to withstand the COVID-19 crisis for another two years as the company reported an annual loss in 2020, its chairman and CEO Sebastien Bazin said on Tuesday.

Bazin told French RMC radio that there was a need to extend financial state support to the hotels and leisure sector.

"Aid must be extended", he said.

(Reporting by Sudip Kar-Gupta and Matthieu Protard, editing by Louise Heavens)