Hospitality Restructuring Germany

The COVID-19 pandemic has hit the hospitality industry particularly hard. Enormous challenges are ahead. The virus is expected to change the future hospitality industry. The novelty of the virus and the uncertainty have led companies and governments to take drastic measures that have had and will have a lasting impact on the hospitality industry. These were government measures such as lockdowns, contact bans and travel restrictions to protect the population. Furthermore, companies and private individuals have reduced business and vacation travel activities to a minimum. It can be assumed that travel activities, at least for business purposes, will continue to be reduced in the future for cost and health reasons. In addition, large congresses and conferences were cancelled and virtual formats were chosen instead. All this has led to a dramatic decline in turnover in the hospitality industry. The low revenue combined with high fixed costs puts even global players in the industry under pressure. We help you to manage those challenges and position yourself optimally for the future. The key elements of our advisory approach are the four RE’s:

• REthinking
• REstructuring
• REfinancing
• REpositioning