Originally Posted by antoinolachtnai
A well known hotel in Dublin 2 is said to have had no guests the night before last. Another very central one seemed to be down below 50 percent. Notices being issued all over the place.
I'm aware we're far from the worst. It may or may not be the same hotel, but from a direct source I heard that one very well known Dublin 2 hotel has just closed off the three uppermost floors (heating off etc.), forward bookings are close to zero and occupancy well under 50% (at Patrick's week-end!).
Plenty of good advice, by the way and much appreciated.
We met with staff today, to keep them informed. I tried to set up a meeting with the bank when I was in the branch, and was eventually given an 1850 number to ring: the days of building a personal relationship with the bank are obviously long gone. We do have an existing lending relationship with them, by the way. I plan to call Revenue on Monday: I've always found them very reasonable to deal with before, so am reasonably hopeful.
I’d agree it’s a time to pull together: we’re shifting as much as we can from larger to smaller suppliers. It’s only a gesture at our volumes, but it all helps. I’ve heard that the one we’re shifting to has seen a drop of 50% in business; judging by the queues at SuperValu, Musgraves won’t miss the business involved.
Personally, I think it’s going to be devastating to the economy: anything related to tourism in particular, which is a good chunk of the overall economy, is going to be hammered. I know it’s only temporary and economists blithely assert the economy will bounce back, but there will be a lot of damage in the meantime.
Sorry to rant on spreading depression – definitely not my usual demeaner – but it’s very hard to watch it unfold. We've incredible staff and they're very understanding, but so hard to stand in front of them saying what I did today.