Investors should use the pandemic to consider repositioning hotels to be more profitable, according to a study produced by Christie & Co. 

The global hotel brands will need to be flexible in their relationships past the pandemic, according to a study released by Knight Frank.

Scandic said “intensified rent negotiations” had seen agreements and offers for rent reductions of around Skr500m.

Airbnb has launched a non-profit, airbnb.org, that connects people to places to stay in times of crisis.

This week on In Focus we heard Andrew Harrington talking about the potential for more flexible, hybrid leases. Last month we heard from Pandox CEO Anders Nissen about how the move away from global to local brands would help encourage the big brands to be more flexible. 

As hopes rose about the global rollout of a vaccine to allow us to leave the pandemic behind, owners were eager to hold onto some of the gains made from the brands and keep costs down. Sagar V. Shah, Dharam Goragandhi and Rich Gandhi, co-founders of Reform Lodging, called on the leading global operators to consider eliminating or reducing complimentary breakfast requirements. Polling of Reform Lodging members revealed that 90% were requesting change, as we entered the next phase of the pandemic.

The Munich Regional Court has ruled that disturbance of use on account of Covid-19 entitled tenants to rent reductions.

Park Hotels & Resorts CEO Tom Baltimore, said that the crisis was “forcing a reset and a wake-up call” for the brands.

Successful hotel operators respond to new opportunities as they arise and dare to invest. They stay ahead of global trends and are always thinking one step ahead.

As the Covid-19 crisis rumbles on and the damage to the hospitality sector continues to be felt sharply, the daily number of reported job losses makes sombre reading.