Europe’s biggest hotel group Accor plans to lay off 1 000 staff, as lockdown measures and border closures implemented around the world to tackle the coronavirus pandemic weighed on its first-half results, it said on Tuesday.

Accor, which owns brands such as Ibis and Movenpick, reported earnings before interest, depreciation and amortisation (EBITDA) down 153.7% year on year, at a negative 227 million euros.

The company added 81% of its hotels were now open.