HOST PROPERTY AB 1H2020 MARKET UPDATE
HOST PROPERTY - TAKING OWNERSHIP OF HOTEL OPERATIONS
- Host Hoteleiendom AS has as of July 30, 2020 taken ownership of the hotel operating companies of the nine Host Property AB hotel properties
- Tribe Hotels (hotel operations) have reduced costs substantially over the last months - Cost base going forward materially lower than the historic average
- A number of the hotels have been closed for a period during the last months due to negative hotel operating EBITDA before rent costs
- Estimated REVPAR for 2020E still trending down - Expected continued weak markets for the remainder of the second half of 2020
- Still historic high uncertainty as far as estimates for the remaining of 2020 and going forward
- Major investment plans still on hold until signs of more positive travel activity in the Swedish regional markets
Christian Fuhr IR, +47 98228516, [email protected]
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www.flyingelephant.com/host
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Handelsinformation
Marknad
Onoterat
Kortnamn
HSPR
ISIN-kod
SE0013486057