Astrid Oberhummer, Owner and Managing Director of Lobster Experience, in a video podcast with our partner Gilbert-André Ghammachi on the current and future state of the luxury travel industry.
Follow-up after a first conversation in March 2020 with mrp hotels and Reiner Nittka ,CEO GBI Holding AG about the time with the Corona Virus:
Dealing with rents and leases, impact of provided credits, monetary losses of products and companies, “new” interesting business areas and a first cautious outlook ahead.
Entrepreneurs are becoming even more prudent and are planning on an increasingly short-term basis. Already demanding guests are becoming even more demanding with regard to health and hygiene in the business. The hotel industry in Germany and Austria will, depending on the concept, come out of the crisis with a black eye, but will not or does not want to be a profit driver of the Corona crisis.
Real estate stocks are currently experiencing a roller coaster of emotions. While residential real estate is one of the beneficiaries of the Corona crisis, retail and hotels are struggling with severe headwinds. We have taken a look at how the individual securities have performed and what UBM is doing to combat the crisis.
We still know the record figures from 2019: each quarter exceeded the previous one. Operators offered leases that many a hotel investor could not have dreamed of. The development pipeline was richly filled. Then came the blow in March 2020 – since then, the hotel world has never been the same. What the hotel real estate market has in store for 2021, we have for you in our current paper.