Dark prospects for the Swiss hotel industry

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Dark prospects for the Swiss hotel industry


Due to the coronavirus, the situation is deteriorating for Swiss hotels. According to a survey, nearly 40% of establishments will have to lay off staff in the coming months. The cities of Zurich and Geneva are particularly affected.


Due to the coronavirus, the situation is deteriorating for Swiss hotels, according to HotellerieSuisse (symbolic image).


© KEYSTONE/MARTIAL TREZZINI
Due to the coronavirus, the situation is deteriorating for Swiss hotels, according to HotellerieSuisse (symbolic image).


Due to the coronavirus, the probability of bankruptcy is increased for the coming months, according to the latest survey from HotelSuisse. Hotel establishments are claiming several aid measures, such as rapid tests instead of quarantine.

Entire teams of employees are often quarantined, HotellerieSuisse said in a statement on Sunday. In addition, the quarantine measure discourages travelers from coming to Switzerland.

Harmonization of European travel regulations is another demand from hotels. “The current rules endanger the profitability of establishments” throughout Switzerland, according to HotellerieSuisse.

The hotels are also asking for targeted support measures. They want the possibility of reducing the working hours to remain “an important pillar in the fight against mass unemployment”. According to the survey, 37% of establishments will have to lay off staff in the coming months.

Two-thirds of those polled said they had to postpone their planned investments due to liquidity problems. HotellerieSuisse therefore requests “a release from the repayment of simple Covid-19 credits in cases of hardship as well as interest at zero rate throughout the duration of the credit”.

Bankruptcies

HotellerieSuisse asked its members about their current situation between September 30 and October 4. 6% of them believed a risk of bankruptcy of 60% or more was likely, up from 3% in June. Establishments in urban areas are mainly concerned, and mainly in Zurich and Geneva. Among them, 142 hotels are currently threatened with bankruptcy, according to the survey.

For 66% of establishments surveyed, the summer season was worse than the previous year, despite an increase in native tourists. The regions of the Bernese Oberland and Valais in particular have felt the absence of foreign tourists.

For the coming winter season, 70% of establishments believe it will be worse than the previous year. A reduced customer base and significant loss of turnover are expected, according to the survey. 90% of establishments in urban areas expect the situation to deteriorate significantly. For hotels located in holiday areas, this rate drops to 57%.

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