As many as four out of ten historic hotels and restaurants risk bankruptcy after the sharp fall in turnover due to the corona pandemic.
November and December have been a hard time for most of the nearly 100 hotels and restaurants in the member chain De Historiske, newspaper Dagens Næringsliv (DN) writes.
Among the member companies in the chain, there places such as Losby Gods, Hotel Union Geiranger and Øye, Fleischer’s Hotel in Voss, Gamle Logen, Statholdergaarden, and Fløien Folkerestaurant.
Most of the 66 hotels and 26 restaurants in De Historiske are family-owned and have no large and capital-strong owner to lean on.
Danger not over?
“The impression has been created that now that the vaccine is on its way, the danger is also over for many in the tourism industry. That’s just not true,” Nils Henrik Geitle, a CEO in a member company, noted.
He pointed out that the member companies have an average drop in turnover of 20-30% this year.
Some have lost half of their income, especially because November and December have been so demanding.
“If the first half of 2021 is as bad as November and December, 35-40% are in danger of going bankrupt,” Geitle noted.
© NTB Scanpix / #Norway Today