Experts predict that hotels, hit hard by the recession, will suffer longer than other industries
A double whammy of recession and excess capacity has up to a third of the city's hotels in danger of going under in the coming years, reports Berlingske Tidende newspaper.
In addition, half of the 422 hotels reviewed by credit analysis firm Soliditet for the newspaper posted a loss in their last fiscal year.
According to Soliditet, 102 hotels are not creditworthy, while another 54 should only receive credit if they can post collateral.
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Source - Copenhagen Post
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