site.btaTourist Accommodation Packages and One-Night Charges Continue to Depreciate

July 26 (BTA) - Some 55.9 per cent of managers of tourist accommodation establishments polled by the National Statistical Institute in June 2020 remained inclined to propose to their clients alternative periods for bookings they have made. For yet another month, most managers intended to cut the prices of their accommodation packages (by an average of 70.8 per cent) and the charge for a night's accommodation (53.1 per cent).

June 2020 also saw a decline in the number of managers of tourist accommodation establishments who had taken the main measures vis-а-vis their staff: unpaid leave, firing/laying off, 60/40 job retention scheme, and paid leave. Some 67.2 per cent of respondents planned to keep their staff in the next month, and 23.0 per cent even planned to increase it.

Some 28.8 per cent of tourist accommodation establishments reported growing revenues in June 2020 compared with May 2020, and another 36.4 per cent said their revenues remained unchanged.

In June 2020, the managers of 50.5 per cent of accommodation establishment expected that the next month they would be able to service up to 50 per cent of their expenses using own capital, 28.3 per cent would not cope on their own, and 20.7 per cent said they would be able to service up to 100 per cent of their expenses.

The share of tourist accommodation establishments whose managers expected to stay in business over the short term, albeit with a reduced capacity, increased to 64.4 per cent in June 2020, and those who expected to go on as before the state of emergency were 17.3 per cent. Another 12.9 per cent planned to suspend operation temporarily, and 3.8 per cent feared they would go out of business altogether. RI/VE
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