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Hotels must work out their break-even point to get through crisis

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Tough times: Hotels need to ‘forensically analyse’ their financials

Tough times: Hotels need to ‘forensically analyse’ their financials

Tough times: Hotels need to ‘forensically analyse’ their financials

Most of Ireland's 830 hotels have tentatively reopened, and many will be wondering whether to stay open or not after September.

Some hoteliers face a real Hobson's choice - stay open and try to break-even for the rest of the year, with a risk of insolvency, or close, lose momentum, and run the risk of not reopening at all next year. This winter, and spring 2021, will be "make or break" for many.

One man ideally placed to advise on that conundrum is Weldon Mather, who joined Colliers International in Dublin this year, to head its hotel and leisure services. Mr Mather grew up in the family's hotel in County Kildare, and has more than 30 years experience in the business, including periods managing hotels here and abroad. He is a chartered global management accountant and a hotel asset manager, a specialisation that is growing, worldwide.