News & Stories

Paris/London. Since September, Accor has been the main shareholder of Ennismore London and thus officially has its own lifestyle hotel division, which has already proven to be a cash cow in the pandemic. Fully integrated now is 25hours Hotels. The changes.

Wiesbaden. In the second quarter, demand in the hotel industry increased again, but overall, the results of the first half of the year at IHG, Orascom and Aroundtown hotels are still downbeat compared to the pre-Corona era.

Munich. Munich Hotel Partners has acquired the future Marriott Hotel Basel together with the US private equity firm H.I.G. Capital and will operate it. It is the first step towards further co-investments.

Berlin. Those who were able to bridge the long cash pause on their accounts and then got the sums that were calculated will now - presumably - survive. Bridging Aid III Plus can now be applied for anew in Germany. Solutions Holding, Deutsche Hospitality, RIMC, Motel One and HRG Hotels comment on the status.

Neuss. The big pandemic-related wave of company insolvencies in Germany continues to be absent. Nevertheless, there are negative trends that could only become noticeable at the end of the year or New Year. But two hospitality lawyers do not see a wave or a tsunami. 

Bern. Further aid for the Swiss hotel industry has been initiated: The Swiss Federal Council has adapted the Hardship Regulation. As of tomorrow, there will be further travel facilitations and relaxations.

Berlin. The German government will extend economic aid for particularly hard-hit companies until the end of September. Not every tourism association is happy with this. Larger hotel groups are likely to be relieved. Basically, however, the existential need remains severe. Dehoga Managing Director Ingrid Hartges comments to us on what has been achieved.

Berlin/Bern. The German government apparently wants to extend its corona aid until at least autumn, including the short-time allowance. Switzerland also plans to extend it, but no further subsidies. HotellerieSuisse takes a critical view on this.

Vienna. Following the pandemic, the Austrian hotel industry, and in particular the resorts, will take on more debt in order to secure the financial relief necessary for their survival. Banks are no longer helping. This has given rise to new attempts to combine equity capital, crowdfunding and Blockchain. The model.

Munich. The banks, which have to look out for themselves and their severely hit customers at the same time, will have to struggle with two additional topics in future: the strongly increasing number of non-performing loans and insolvencies. The standards for hotel loans have been increased significantly.