Achat Hotels files for insolvency in self-administration

Recession and collapse of government in Germany, less domestic tourism and lower consumption: How do hotel operators budget for the next "dark" year? Cost pressure is driving even more flexibility. Depending on location and country though, it's all very different. Gorgeous Smiling Hotels, Althoff Hotels, SV Hotel, Meliá, Leonardo and Motel One are commenting on the German-speaking countries and Europe today.

Ruslan Husry is a deal maker and wants to stay one: HRG's expansion list includes two more acquisitions by the end of the year. More will follow. "We are transforming HR Group to become a global hospitality leader. Now is the best time to grow."

The German economy is failing to gain momentum. And the German hotel industry is now feeling the effects of this in guest spending behaviour. It therefore finds itself in a doubly awkward position. Operating costs and bureaucracy continue to increase and interest rates remain high. The CEOs of ten hotel chains from the DACH region groan under the strain but are still managing the situation smartly. 

Last year, the arcona hotel group slipped into insolvency. This was followed by a strict restructuring programme and a reorganisation concept that obviously convinced the creditors.