Hotels
WORLD One million jobs are being lost every day in the travel and tourism sector due to the sweeping effect of the coronavirus pandemic, according to the World Travel & Tourism Council (WTTC).
EUROPE The hotel occupancy in European hotels fell in February by 1.8 pct to 63.6 pct, according to STR. Revenue per available room (RevPAR) decreased by 0.6 pct to EUR 64.68.
EUROPE International shopping centre investor Unibail-Rodamco-Westfield has informed that it is reducing its non-staff expenses, deferring non-essential capital expenditure and is to make use of any relevant facilities or arrangements provided by various national authorities to assist companies through the crisis.
EUROPE GTC has recorded a EUR 73 mln profit before tax.
Investment & finance
POLAND The Polish government has announced an economic stimulus package of PLN 212 bln to assist businesses and their employees during the Covid-19 crisis.
Investment & finance
POLAND MLP Group has recorded a net profit of PLN 129.4 mln for 2019, up 40 pct year on year.
Retail & leisure
POLAND Apsys Polska has revealed details of how the shopping centres managed by the company will be able to operate during the emergency restrictions imposed on retail and services die to the Covid-19 pandemic.
Retail & leisure
POLAND Electronic goods supermarket chain Media Markt has closed all its 88 stores in Poland until further notice.
Retail & leisure
EUROPE Polish clothing group LPP has issued a statement on the potential impact of the spread of the Covid-19 virus on its operations, financial results and prospects.
POLAND Centerscape has purchased a retail property at the junction of ul. Bora-Komorowskiego and ul. Gen. Fieldorfa in Warsaw’s Gocław district.
Retail & leisure
POLAND The Agata furniture supermarket chain closed all its stores on March 14th, when emergency restrictions on retail and services were imposed due to the Covid-19 pandemic.
Construction
POLAND The Nova Stoczniova estate in Wrocław’s Zakrzów district has reached its top construction height.
Retail & leisure
POLAND All eleven Ikea stores in Poland were closed to customers on March 14th, when emergency restrictions on retail and services were imposed due to the Covid-19 pandemic.
Office & mixed-use development
POLAND Atenor subsidiary, Haverhill Investment, has applied for a permit to demolish University Business Center building 1 (UBC I), which is to be replaced by the development of a modern 24,000 sqm office block.
Human resources
EUROPE Oliver Schumy, the CEO of Immofinanz, is stepping down from the management board.
Human resources
POLAND/ROMANIA Ioannis Papalekas, the founder of Globalworth, is stepping down from the board of directors of Globalworth with immediate effect but will remain as CEO.
Warehouse & industrial
POLAND 7R has purchase a 20 ha plot on ul. Brzezińska in Łódź for the development of 7R Park Łódź East I.
Warehouse & industrial
EUROPE Volkswagen and Toyota have suspended vehicle production for two weeks.
Investment & finance
WORLD WeWork has rebutted claims that Softbank is considering pulling its support for the coworking space provider.
E-commerce
POLAND Cushman & Wakefield is cautious about predicting how the coronavirus pandemic will change online shopping habits but notes that many Polish companies are expecting a massive increase in their online orders.
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October 2026