On Tuesday the 5th October 2021 EP were delighted to co – host a hybrid event with Bird and Bird, HVS and AlixPartners which saw over 350 people join virtually and in person to discuss the task ahead of resetting the hotel balance sheet so that it can be fit for recovery.
There were interesting presentations about the fact that many of the forecasts over the past 18 months have been incorrect and in a world of such uncertainty, it is surprising that operators are feeling more confident.
It was also noted that coastal resorts are achieving occupancy above 2019 levels where city centres are still unfortunately struggling. But at the same time lenders are very supportive and the asset value of hotels have remained strong.
A very interesting discussion, well worth a listen.