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and travel agencies are feeling particularly hard hit

Coronavirus Crisis Puts German Hotels under Particular Financial Pressure

March 23, 2021

1 min read

The FINANCIAL -- The coronavirus crisis is putting pressure on the finances of many companies in Germany, according to the latest survey by the ifo Institute. “Hotels, restaurants, and travel agencies are feeling particularly hard hit,” says Klaus Wohlrabe, Head of Surveys at ifo. “Many companies are experiencing liquidity shortages and this could lead to more bankruptcies.”…

Coronavirus Crisis Puts German Hotels under Particular Financial Pressure

Published on March 23, 2021

1 min read

The FINANCIAL -- The coronavirus crisis is putting pressure on the finances of many companies in Germany, according to the latest survey by the ifo Institute. “Hotels, restaurants, and travel agencies are feeling particularly hard hit,” says Klaus Wohlrabe, Head of Surveys at ifo. “Many companies are experiencing liquidity shortages and this could lead to…