AChate hotel chain after bankruptcy: 550 jobs away, 32 houses stay!

AChate hotel chain after bankruptcy: 550 jobs away, 32 houses stay!

Deutschland - In a significant turn, the Mannheim hotel chain Achak has recently successfully completed its bankruptcy structure. This means that of the former 1,450 employees, only around 900 employees are retained, which corresponds to a loss of 550 jobs. As Merkur , there was the consent of the believers to the insolvency plans, which now enables the chain to secure long-term. These steps took place in November 2024.

As part of the restructuring, 18 hotels were handed over to other operators and another hotel was closed. In the future, ACHAT will operate 32 hotels in Germany with around 4,100 rooms and apartments under the brand names Achaf and login. This makes it clear that the hotel chain is on the way to stabilization, but still faces major challenges.

causes of bankruptcy

The bankruptcy is closely related to Corona pandemic, the consequences of which have shaken the entire industry. In addition, inflation and increasing prices as well as a changed booking behavior of business customers contributed to the difficulties that ultimately expressed themselves in operational losses and liquidity bottlenecks. In fact, a study by Statista During the crisis, the German tourism industry has been extremely high in sales. which will also have noticeable effects in the coming years.

In the case of the causes, a rapid expansion of the chain was a decisive factor that could not keep up with demand. This has already become noticeable in other companies, such as FTI and WE-Flytour, which also had to book bankruptcies. The turbulence in the industry shows a clear picture: The business travel division has so far not completely recovered, which is additionally reinforced by widespread home office regulations and video conferences. A switch to sustainable and sustainable business models is required.

The future of ACHAT

The future of the Hotel chain Achak could now be put on more stable legs if the economic framework conditions allow it. The consolidation of the hotel portfolio and the focus on profitable locations and services could be the key to survival. The challenges should not be underestimated: increasing energy and personnel costs significantly burden the operating expenses. But the approval of the creditors and the successful restructuring are the first steps in the right direction.

The movements on Achak are not only a moment in the company itself, but also a sign of the entire tourism sector in Germany. The coming months will show whether other companies can stabilize in similar locations or whether there will be further waves of changes and challenges.