Benelux Hotel Market Sentiment Survey – Impact COVID-19
By Marco van Bruggen on May 4, 2020
Hoteliers in the Netherlands and Belgium expect that the corona crisis will have a long-term impact, but will eventually recover. This is shown in new research by Horwath HTL. The domestic market will recover relatively quickly and perhaps even come out of the fray more strongly, but the international market is facing a slow recovery. A large number of closed hotels are now cautiously opening again, but revenues in the first half of the year have been at least halved. The projections for the second half of the year also show much lower occupancies and revenues. After the crisis, which hoteliers expect to last for at least 6 to 12 months, a slow recovery is expected.
The Benelux Hotel Market Sentiment Survey 2020 is a publication by consulting firm Horwath HTL. The report presents the results of an online survey within the hotel industry in the Netherlands, Belgium and Luxembourg in the first half of April 2020. Some 200 hotels in the Benelux participated in the survey.