Study of CHD expert: hotels use renovation projects mostly around Hamburg, December 18, 2009 – every fourth Hotel wants to invest in the guest room. Most renovation plans (60% of the establishments) provide budgets of around 100,000 euros. Every tenth company invested even a million sum. This is result of the study \”Hotel upgrade 2009/2010\” by CHD expert, Scheessel near Hamburg. The international, specializing in the non-market research company has updated his study recently presented in the spring for the first time. \”Reducing value-added tax for hotel stays put an investment surge in gang\”, predicts Rolf W.
Schmidt. Managing partner of CHD expert (Germany) GmbH. From 1 January 2010, the VAT for nights is only seven percent in establishments instead so far 19. Breakfast and other services related to the overnight stay are excluded and are still taxed at 19 percent. The plan was the end of October in the Coalition Treaty of Union and FDP have been announced and now – after a clear majority in the Bundestag – tight votes ahead of the unionsgefuhrten Federal States in the Bundesrat decided. The most important results of the study \”Hotel upgrade 2009/2010\” at a glance: From 2008 to 2009 just under 75 percent of hotels have also fully implemented their investment projects. Another eight percent have done this at least in part, and in turn eight percent have relocated their planning in the year 2009.
The proportion of those who have placed their complete planning on ice with 18 rest is above average at the hotels of the brand. 2009, every fourth company wants to invest in the modernization of its guest rooms. This value is not significantly changes at stand-alone Hotel size, category, or kind of operator. At least 13 percent want to redecorate all rooms. However, the majority (57%) is limited to a maximum 25% of the stock.