The consulting company’s team of experts MRP Hotels gives an assessment of the situation in the hotel industry. Among other things, on the topic of the impending wave of bankruptcies and subsidies for the hospitality industry as well as stumbling blocks for hoteliers.
What is the starting position in the hotel industry?
Gilbert Ghammachi, Partner bei MRP Hotels, provides answers to the following question: What is the starting position in the hotel industry?
The workload is currently five to ten percent in most European cities. A large number of conferences have already been canceled. Especially in the City hotels be that Recovery-Szenario but heavily dependent on Micro location and hotel product. Accordingly, would Cities dominated by leisure how Hamburg and Salzburg recover faster than other cities. Vienna or Zurich would be one without the opening of the borders staggered recovery experience. The Holiday hotel business is generally considered to be more crisis-proof.
Impending wave of bankruptcies and funding landscape
Alexander Schick, Senior Consultant at MRP Hotels, gives answers to the following question: What observations are in connection with the threatening Wave of bankruptcies and funding landscape close?
So they stay major bankruptcies continue, especially because of the continued suspension of the obligation to file for bankruptcy. Monthly fixed costs have also been reduced very far at most companies. The liquidity will only be put to the test again when the subsidies are reduced, but the number of guests remains low. There is a tendency for operators who have signed aggressive and high-priced lease contracts in recent years to come into trouble if the Leases not to be renegotiated. Both operator-run hotels would be leading companies at the moment Expand product further. In the medium term is a possible one Bankruptcy wave in particular dependent on the repayment modalities of the granted loans with state liability. In the medium and long term, state aid would have to be designed in such a way that Rating metrics and the equity structure, which is weak in the hotel industry, would be improved.
Stumbling blocks on the way to summer
Beatrice Sommer, Junior Consultant at MRP Hotels, provides answers to the following question: Which Stumbling blocks are there on the way in the summer?
Hoteliers must continue to do so Drive on sight, i.e. react flexibly and at short notice. This is shown in the Personnel policy up to the cancellation conditions. The health policy situation continue to be fragile. Travelers expected in times of Corona highest possible flexibility. The adaptability be also for them Alignment of the hotel concept required. It is to be assumed that various conditions were waiting for the opening of the hotels. For spa, bar or restaurants, for example. This is fundamental for the continued existence of the hotel Securing liquidity. Various grants and financial aid are paid out with a delay, which is a major stumbling block. One is therefore essential constant fine-tuning and realignment of payment flows. In addition, one could already observe the emigration of employees. More than before is therefore a excellent employer branding and HR management necessary.
You can find the detailed statements of the MRP Hotels consultants here.
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