HI+

Gas crisis - First closures to be expected

3.11.2022

Dear Insiders,

There are too many "ifs" in the political assessment of Germany's gas crisis. Will companies survive or not? Three of the 16 resorts of Seetel Hotels in Germany are on the German Federal Network Agency's closure list. Owner and operator Rolf Seelige-Steinhoff has been put on stand by to close operations on the beautiful but thoroughly gas-dependent Baltic sea isle of Usedom within 8 hours. The family-run company fears a chain reaction of the most negative kind: from millions in operating revenue losses to downgrades at the next credit inquiry to mouldy real estate next spring.

Rolf Seelige-Steinhoff, a successful entrepreneur and excellent analyst, predicts the road ahead for him - and perhaps also for you. We have removed paywall restrictions on this interview today because we too want everyone to understand just how serious the current situation is and continue to put on pressure. You can find the article on our page 1 - and please share it with as many people as possible.

Swiss hotels now also fear closures: According to the survey, the scale of the energy price increase is causing serious financial difficulties for almost half of the businesses surveyed. If energy prices were to triple, half of the affected businesses would have to close at least temporarily. 2023 will not be fun.

Despite all the super negative news, many executives continue to work consistently toward a sustainable future. That's what I saw three weeks ago in London, at the Sustainable Hospitality Alliance's 30th anniversary event: It has doubled the number of its member hotels this year alone. 22 global and national chains now sit together with many partners from the value chain. Even America's largest hotel association, the AHLA, is on board. Experiencing so many renowned names and like-minded people in one room was new and beneficial.

The chains alone now make up 40% of all rooms worldwide! Contracts with the WTTC and the UNWTO ensure a close relationship with politicians. This network SHA has the potential to become a global voice of the industry.

Whether the German Lindner Hotels will keep or lose their voice in the market is not yet certain. An obscure press release from the Düsseldorf Group on the "2022 financial year" irritated me this week. The press release, which various "media" sources simply reported 1:1, is so unnecessary that we haven’t even published it. I'd rather give you some background and details from my conversation with Lindner CEO Arno Schwalie yesterday. He had announced a distribution deal with Hyatt at Expo Real in early October to nudge Lindner Hotels out of "small-scale Germany" and into the big wide world of Hyatt's reservation system.

I now nudge you into this issue, which again offers a lot of news and a lot of background, also on the rental portal Airbnb, which is benefiting from inflation. There has been a massive increase in the number of hosts now renting out even more beds to pay their own rent, especially in Europe!

Pay attention to the subject of energy, but also make sure you maintain your own energy.

After all, you might still need it to attend the new investors' conference AOHIS in Madrid in mid-January. The acronym stands for Atlantic Ocean Hotel Investors Summit. The organiser is the British national Simon Allison with his investor circle Hoftel. The event has an honourable objective: He wants to make a new, quality-oriented event for Europe, with limited number of participants. HospitalityInside is happy to participate as a media partner. The date is has been cleverly chosen: AOHIS will take place two days before the tourism fair FITUR. Initial details and links can be found today on our Page 1.

Yours, Maria Pütz-Willems
editor-in-chief

Your opinion? editor@hospitalityInside.com

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