Publications

The effects of ongoing Covid-19 pandemic have been steep and immediate for hotels globally, with no exception in the Baltic markets. With most of the hotel rooms in the capitals of the Baltic States (Tallinn, Riga and Vilnius) being closed in April, the recorded occupancy levels dropped below 5% mark in all three markets. The effects of such a steep demand drop on hotel performance have been unparalleled; RevPAR declined by almost 2/3 in March compared to the previous year before almost fully collapsing in April. Since the steep drop in March and April, the arrival of the holiday season combined with pandemic related safety measures being relaxed, the hotel markets across all three capitals have demonstrated some signs of recovery. While the recorded RevPAR levels are still nowhere near the previous year’s levels, the RevPAR direction, encouragingly, is upward trending. Read Christie & Co's report on how the Covid-19 pandemic has impacted the Baltic hotel market.

The ongoing Covid-19 pandemic has placed the hotel industry into an unprecedented situation. While hotels in the Nordics have not been obligated to close by the respective governments, many hotels have closed shop temporarily due to a radical collapse in demand that started in March. The effects of such a steep demand drop on hotel performance have been unparalleled. Read Christie & Co's report on how the Covid-19 pandemic has impacted the Nordic hotel market.

Christie & Co launches the update of its anual report "Spanish Urban Destinations 2019". This report analyses 15 Spanish cities (Barcelona, San Sebastian, Palma, Madrid, Malaga, Cadiz, Seville, Bilbao, Valencia, Alicante, Santander, Granada, Cordoba, Toledo and Santiago de Compostela), highlighting the evolution of its main indicators in 2019 as well as their future evolution. We have selected these cities according to their volume of demand and supply as well as their levels of RevPAR.

The new post‑COVID market context is leading to conflicts over ownership and management of hotel assets between owners, operators and funding institutions. Christie & Co offers you extensive experience in the hotel industry and provides you support in conflict resolution, disputes, and litigations through mediation, arbitration, and expert opinion, In order to resolve issues related to hotel ownership/leasing or management of the business, good advice is always critical.

We share an update of the Covid-19 Hotel Protocol document, with the guidelines applicable in Portugal, where a health and safety stamp has been created to distinguish hotels that are compliant with hygiene and cleaning requirements for the prevention and control of COVID 19.

The Secretary of State for Tourism, together with the ICTE (Instituto para la Calidad Turística Española - Spanish Institute for Tourism Quality), the CEHAT and the Spanish Regions, has developed a health and safety protocol in order to prepare the reopening of the hotel sector, minimizing the risk of contagion. Guidelines and recommendations applicable to hotels and tourist apartments as containment measures are gradually relaxed.

“When and how do I have to re-open my hotel? How do I adjust my hotel strategy to recover profitability in the short/medium term? How have my revenue, cost and return metrics changed in the new context?” Christie & Co can help you design an effective recovery plan to successfully face the post-Covid situation.

Christie & Co’s pan-European team has updated its comparative overview of the Status Quo and Economic Relief Measures for Hotels in the UK, Germany, France, Spain, Austria and Finland with highlights on Job Support, Financial Aids, Tax Relief, Rent Payments and Tourism Support as well as useful information links for each. We hope that this summary will help you navigate through these difficult times.

Christie & Co’s pan-European team has prepared this comparative summary of Covid-19 Economic Relief measures for hotels in the UK, Germany, France, Spain, Austria and Finland. Such measures include Job Support, Financial Aids, Tax Relief, Rent Payments and Tourism Support as well as useful information links for each.

A guide containing expert advice in different scenarios: prior to entering a rent agreement to secure sustainable conditions, during the course of the leasehold to assess potential review or in the event of a dispute, provide guidance towards an effective resolution.