It was the end of April 2020. The state of alarm had been in force for some six weeks. We were yet to enter the period of phases of de-escalation of confinement and mobility restrictions in advance of what we were told would be the new normal. At that time, no one really had a clue what to expect, least of all the island’s tourism industry.
Hotel de-growth - what a difference two years make
Some 40% of hotel stock remained obsolete
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