Breaking News Bar

Business News and Information

Health crisis hits the hospitality industry in Mexico: Jorge Leal Kirchbach

By: Issuewire
542F291F 8AD3 41AB 9DE0 562648A7B966

Jorge Leal Kirchbach holds a Ph.D in Economics from The London School of Economics and Political Science, besides been an entrepreneur & academic on the global tourism sector and CEO at a real state investment trust (REIT’s) Fibra Kapital.

Distrito Federal, Oct 28, 2020 (Issuewire.com) - The severe health crisis that affects Mexico began to hit the hospitality industry in the country, and in Quintana Roo emblematic 5 and 4 Star Gran Turismo hotels have already been put up for sale, as well as cabins and residences in front of the paradisiacal waters of the Caribbean.

This was revealed by the tourism specialist, Jorge Leal Kirchbach, predicting that in the next 12 or 18 months several hotels throughout the country will close their doors and / or be put up for sale, if they do not have the capacity to adapt to the new ones. protocols and financial conditions.

According to the expert, to the health crisis, it must be added that in recent years the hospitality industry in the states, "was saturated with an inexperienced offer, and many upstarts believed they found the business easy, safe and profitable, (and) these they are the first to be disappearing ".

Leal Kirchbach estimated that "investment funds, REIT's and banks with investments in hospitality in the Riviera Maya, and most important tourist centers, will be passing the acid test to survive, under the new parameters and protocols in terms of operation, control and administration of its assets ".

The also specialist in economic issues considered that both investment funds, Fibras, and other financial agents or intermediaries will have to rethink the financial conditions, and if they are susceptible to profitability under the new market paradigms.

Media Contact

Fibra Kapital MX-ESP


contacto@fibrakapital.com

http://Fibra Kapital.com

Source :Fibra Kapital MX-ESP SAPI

This article was originally published by IssueWire. Read the original article here.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
bottom clear