Tourist residences will not emerge unscathed from the crisis caused by Covid-19.
In the conciliation procedure, Pierre & Vacances is fighting for its survival: the European leader in the sector negotiates a loan of 250 million euros with its financial partners, before strengthening its equity.
Last week, Appart-City, the number one aparthotel in France, went into a safeguard procedure.
For everyone, the situation is becoming difficult to sustain.
Read also:
Tourist residences: 120,000 investors cheated because of the Covid
The offer is not called into question: the formula has its followers, especially families.
"The serviced apartment is a product that appeals to holidaymakers, and certainly even more so after the pandemic,"
assures Laurent Dusollier, general manager of Odalys, which operates 400 residences.
Customer feedback is very positive. ”
"Inventing products"
On the other hand, the crisis has tested the limits of a system which relies on a multitude of private investors.
Owners of apartments, they receive rents supposed to be guaranteed by a lease
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