COVID-19: Relief for franchisees? | Hunter conference canceled

Relief to franchisees, but is it enough? While hotel chains have taken steps to support their franchisees during the coronavirus pandemic, some franchisees — struggling to keep staff on their payrolls and cover debt service payments — say efforts from parent companies aren’t enough. The relief has varied across brands, from slashed fixed fees to deferrals of certain payments. For instance, an IHG representative said in a statement that the company has been working with owners since the beginning of the crisis. IHG, which has cut corporate costs by US$150 million, said it relaxed its brand standards in several areas like housekeeping,…
Access this content FREE on by Logging in or Registering Now

Related Posts

Succeeding in F&B during COVID, Part 2
by Chloe Riley in Featured - September 20, 2021
In-room entertainment changes the channel
by Chloe Riley in Supplier News - September 18, 2021