• 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.

Read the full story here:

https://www.nh-hotels.com/corporate/press-room/news/nh-hotel-group-back-business-june-supported-its-flexible-cost-structure-and-faces

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