Accor expects losses to worsen in April and May as hotels shut

PARIS (Reuters) - Accor , hit hard by the coronavirus crisis which has forced it to close hotels worldwide, said on Wednesday it faced its toughest months of losses yet in April and May amid uncertainty over when governments will lift lockdown measures. The group, home to brands like Ibis and Movenpick, reported a 17% drop in first-quarter sales to 768 million euros (674.94 million pounds). Revenues were down 15.8% like-for-like, which strips out currency fluctuations and acquisitions. Accor..