Issue 40: 19th November, 2020

    Screws turn on rent forgiveness

    Calls for an initiative to tackle rent bills across the hospitality space are growing. The substantial, and accumulating backlog comes as ever more companies move closer to a fight for survival. One of the latest to kick back at landlords is Scandic, which like Travelodge in the UK, operates a leased hotel portfolio and so [...]

    Pain felt in Spain

    Spanish hotel groups are continuing to face challenges, due to their reliance on inbound visitors to drive business. Further European lockdowns, combined with weaker seasonal business, have led to a situation where planned reopenings have stalled, and some hotels are being shuttered for the second time this year. At both Melia and NH Hotels, hopes [...]

    Reinventing – but as what?

    Online travel agents Booking and Expedia are busy trying to cut costs, and sharpen up their organisations ready to bounce back into a post-vaccine travel landscape. But the latest quarterly results presentations provided precious little in the way of clarity, as to how they will find their niche, in the new travel landscape likely to [...]

    Operational landlords face income, valuation challenges

    Owners of operational real estate are being challenged to reassess values, as the pandemic continues to inflict damage on whole business sectors. With tenants unable to pay rents at previously agreed levels, income streams have been damaged fundamentally. Retail and hospitality businesses, in particular, have been hard hit by coronavirus lockdowns. And government interventions have [...]