Accor in the + despite global hotels chains falling

My most recent post was also about Accor(AC), and since the most recent news about Marriott I'm assured we have a long way to go. with Mariott now down with 65% which I estimate will bounce between 5-10%. this realistically still leaves room for another 10-20% drop for Accor hotels. take my news as you want, but Accor made big investment into buying another hotel group last Friday, of which I estimate the price was based on the early-corona stages.
asides from this the Accor group has a total revenue of about 5,5bil, where the services are responsible for about 1,5 bil. which leaves a large quantity of their business very vulnerable.
bottom is around €18 current puts based on a price around €22,8