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Hotour speaks plain text: State aid is not a cornucopia

25.3.2020

Frankfurt. Martina Fidlschuster speaks plain language. The Managing Director of Hotour Hotel Consulting admonishes the industry: "The protective umbrella of the German government is not a cornucopia of gold coins! Some of her conversations remind her of the uncertainty and chaos following the Lehman crash of 2008/2009.

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Knocked out

26.3.2020

Berlin. The hotel and catering industry in Germany has been floored. Two days ago, the government pushed through its EUR 156 billion corona aid package, but despite this, the German Hotel and Restaurant Association and the German International Hotel Association this week made an urgent appeal for further support, better tailored to the specific needs of the industry, in a letter to the Chancellor. Quite exceptionally, politicians want to act very quickly, yet in practice there are many impediments, e.g. from house banks. By 14 April, everything is to be worked through. "But that's too late," Markus Luthe, Chief Executive of the IHA, and IHA Chairman Otto Lindner want politicians to know. An interview on the current state of affairs and on the tension in the industry.