According to analyses by JLL, when the lifting of pandemic restrictions for the economy was announced for February 12, hotels were inundated with new bookings and in far higher numbers than after the reopening in May 2020. Hotel owners in tourist destinations bet on busy spring and summer seasons, while city hotels are waiting for the return of corporate clients and international travellers. For most of 2020, Polish hotels operated either on limited terms or not at all, and at the end of December, they were completely closed for almost seven weeks. In fact, Poland introduced the most severe restrictions on hotel operations anywhere in Europe and was the only country where even business trips were not allowed. “St. Valentine’s Day weekend was a massive hit, hotels were under siege the moment they reopened. Guests were not only checking into resorts but also into urban hotels. Following that weekend, business returned to what we saw during last year’s holiday season….
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REINO-IO, an entity established by REINO Capital, a holding company listed on the Warsaw Stock Exchange, and IO Asset Management, a specialized industrial asset manager, expanded its managed portfolio...