City Hotel Industry Update October 2020

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The overall hotel and travel market situation is in serious trouble. We must be prepared that the current situation will remain unchanged for at least the upcoming six months. Although the continued development of “testing” can bring about some secure feelings and more courage to travel. Cities with overcapacity will displace outdated hotel properties, especially when international and business customers will stay away for a while longer. A new way of business planning and “rethinking” the business model is very much needed.

Stadthotellerie_Update_Sept_2020_Final_ENG

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Data and statistics are regularly updated on our website. In this paper we have used the most recent figures and data available at the time.