• NH recovery

Spanish group NH says occupancy at its open hotels is now 40-45%. The improvement comes after a first half when revenues fell 62.4% to EUR309.3m.

The group recorded an ebitda loss of EUR33.8m for the period, which for a while saw 95% of the group’s hotels closed. NH has close to EUR600m in cash and credit lines, as it works back towards profitability.

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