News & Stories

Berlin. The effects of the Corona pandemic on the hospitality industry are devastating. As the Federal Statistical Office announced on Wednesday, revenue fell by almost half in March. The hotel and restaurant industry turned over 45.4% less in real terms in March than in March 2019. April is likely to be worse.

Augsburg. The keyword "News-Mix" will bring news about considerable events of the past week(s): Best Western/Italy and Germany, Choice Hotels/financial report Q1, Marriott/financial report Q1 and AC Bremen, Plateno/7 Days Duisburg, TH Resorts/Rome.

Berlin. The expected consolidation process will hit the small-scale hotel and restaurant industry hard. Even without Corona, hostels with less than 50 rooms have already disappeared unnoticed in masses from the market over the last nine years. A statistical analysis shows the development.

Vienna. Metropolises with a high proportion of international guests and many congresses will suffer longest and most severely from corona. This also makes the situation in Switzerland explosive. Liquidity is becoming scarce. STR yesterday presented the latest performance data on Switzerland. And the consultants of MRP Hotels dare to make an unusual suggestion: entire hotel segments should be taken off the market for a while.

London. "We're not yet paying guests to stay in hotels," said STR Managing Director Robin Rossmann yesterday in typical British humour, introducing the presentation of performance figures in the DACH region. The virus has run aground the hotel industry in all three countries.

Augsburg/Wiesbaden. The keyword "News-Mix" will bring news about considerable events of the past week(s): Herecon's low-budget hotel and the financial reports of Hilton, Hyatt and IHG for Q1, and Radisson Hospitality for the full year 2019.

Augsburg. The keyword "News-Mix" will bring to you tiny bits of news about considerable events of the past week(s): Accor/Q1, Atlantis Zürich/closure, Covovio/B&B sale, Deka/acquisition, DER Touristik/brands, Orascom/results 2019, Warimpex/results 2019.

Munich. New kids, new concepts, no future after corona? The young brands in the Serviced Apartment sector have been mixing concepts for quite some time and with this have stirred up the market too. Between Berlin, Wolfsburg and Munich, the segment now includes many young brands. Who and what is new? And how much potential do they have? These questions are now all the more important as corona puts the entire hospitality industry through the paces.

Vienna. Which support and reliefs are currently easing the Corona crisis? Christie & Co has compiled an up-to-date list of links for six European countries.

Frankfurt. The German hotel investment market can still boast a strong transaction volume in the first quarter of 2020. Nearly one billion euros resulted in a 67% increase over the previous year. Corona effects are expected from the second quarter of 2020 onwards.