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Even strong August couldn’t help hoteliers emerge.
44% of managers cannot cover even half of operating costs
The summer 2020 results in terms of hotels are so bad that around a quarter of their owners intend to cease operations, some of them, for good.
One of the main reasons is that it is already difficult to cover your expenses, and August, which was expected to bring financial relief, was much heavier than the rest of the summer months. This shows a special survey of the INE, which includes 3,214 accommodations: hotels, hostels, campsites, chalets, etc., that have more than 10 beds.
Identical surveys have been conducted with hoteliers every month since March, and with the exception of March itself, when the state of emergency was imposed, the proportion of managers who said they would suspend at least temporarily was lower. For example, in May 16.8% thought so, in June 12.9% and in July 10.8%. In August, its share jumped to 23%, although this should be the strongest month of the year for tourism.
Almost the same answers are given by managers who intend to close their hotel completely: in May, only 2.2% of those surveyed intended to do so, but in August 4.2% of them believe they do. Or a total of a quarter of hoteliers see no point in working. Another 35.2% are considering continuing, but with a reduced volume.
The reason is more than clear: the income is not enough to cover the operating costs. 44.1% of managers predict that in the next month they will be able to cover alone, without external help, only up to 50% of their costs. 34.3% will be able to cover up to 100% of the costs, which, however, still does not represent a benefit. And 20.6% think that they will not be able to get by at all without foreign aid.
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