COVID ‘tested our strength' says NH Hotels

NH-Kensington

NH Hotels, the Spanish operator, says that lockdown measures taken to combat the coronavirus were “more intense than expected” and that problems persist. “Mobility remains low”, said Ramón Aragonés, the NH chief executive.

The comments came as the company said that revenues fell 94% from 469 million euros in the second quarter of the year to just 30 million euros – less than half the group’s earnings before tax in the second quarter of 2019. Losses before tax between April and Jun

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