NH Hoteles states, in a communication sent to the CNMV, that the forecasts made “are based on a drastic loss of income compared to 2019 due to the negative effect that the pandemic caused by Covid-19 has had on the business”.
As a result, and in response to a requirement from the regulator regarding its accounts for the first half of 2020, the hotel group states that it expects to return to its 2019 turnover levels next year, but that it does not expect to realise the business forecasts that it made before the pandemic until 2024.
Read the full article in Spanish.
