The COVID-19 outbreak has been described as “the most serious crisis this country has faced since Independence”. These words ring especially true for the hospitality and tourism industry, which has seen free-falling room occupancy rates, closing hotel floors, shortening service hours, and now, many hotels (save for those which have been engaged to house individuals serving out their Stay Home Notice period) have had to shut their doors.
In this climate, it is particularly apposite for hotels and other players in the hospitality industry to examine their contractual rights and obligations, to see what may be renegotiated or restructured. This may help to alleviate the bleak and grave situation that the industry now finds itself in.
This client update highlights several things you need to know about the COVID-19 (Temporary Measures) Act 2020 and its impact on the hospitality industry.