Confidence returns to hotels

“The condition of the hotel and catering sector is mainly dependent on two factors: The contents of Poles' wallets and the season of the year. Handouts such as 500 plus, end of year bonuses and the cut in income taxes resulted in a real increase in household incomes in Poland, which has an impact on Poles’ spending. Some of this goes into the pockets of restaurateurs and hoteliers. Secondly, our research shows Poles are increasingly taking winter holidays,” says Radosław Woźniak, the CEO of EFL.

Every fourth person (26.1 pct of those surveyed) in the industry expects to invest more up by 16.1 pp y-o-y. More companies (28.8 pct) are also counting on an increase in orders for their services in Q1 compared to last year (21.3 pct). Every third person surveyed hopes to receive subsidies from the EU.