The global travel and tourism industry was estimated to be worth over $700 billion in 2020, which has now been reforecast to $447 billion as a result of the coronavirus pandemic. The hotel industry is dealing with an unprecedented crisis due to the disruption caused by the global COVID-19 pandemic. With hotels shut or operating at severely reduced capacity and with customers in lockdown, we look at the steps businesses can take to not only survive but put themselves in the best position for reopening.
From liquidity to debt and restructuring, we address the diverse and complex challenges hotel owners and operators face. In this report [ 7904 kb ] we consider the implications for employers and how financial planning for the medium and long term will be affected.
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