{"id":63079,"date":"2020-08-11T15:44:00","date_gmt":"2020-08-11T13:44:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=63079"},"modified":"2021-04-01T15:07:37","modified_gmt":"2021-04-01T13:07:37","slug":"corona-update-with-limehome-corona-was-the-absolute-litmus-test-for-us","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/63079\/corona-update-with-limehome-corona-was-the-absolute-litmus-test-for-us\/","title":{"rendered":"#CoronaUpdate with Limehome: \u201cCorona was the absolute litmus test for us\u201d"},"content":{"rendered":"
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Limehome equips commercial spaces as designer apartments and rents them out via its own platform. Josef Vollmayr<\/strong> says in #CoronaUpdate:<\/p>\n\n\n\n

\u201cWe are not just a digital operator, but essentially a digital hotel chain that covers the entire value chain.\u201d <\/p><\/blockquote>\n\n\n\n

He and his Limehome co-founder Lars St\u00e4be have always said that the business model is extremely crisis-proof, says Vollmayr, because people will always travel: <\/p>\n\n\n\n

"That really changed overnight. But after the initial shock, things went extremely well. While typical hotels could no longer cover their fixed costs and remained closed for a very long period, we have very lean cost structures here."<\/p><\/blockquote>\n\n\n\n

The guest's entire stay is also digital and contactless. With its self-catering option, the product is "perfect for this time."<\/p>\n\n\n\n

Limehome sees Corona as an \u201cextreme opportunity\u201d<\/h2>\n\n\n\n

Capacity utilization plummeted significantly at the height of the crisis, reports Vollmayr. Meanwhile, the Startup<\/a> but has already returned to pre-crisis levels. At the same time, the startup has used the Corona period to expand:<\/p>\n\n\n\n

"Because we've also gotten some locations live, our sales have actually grown by about 75 percent compared to the pre-coronavirus period."<\/p><\/blockquote>\n\n\n\n

The founder therefore sees the crisis as an \u201cextreme opportunity\u201d: <\/p>\n\n\n\n

\u201cWe believe that market share is gained especially in times of crisis.\u201d <\/p><\/blockquote>\n\n\n\n

Looking back on the past months, Josef Vollmayr says:<\/p>\n\n\n\n

\u201cFor us, Corona was the absolute litmus test for our model, for the product and, ultimately, of course, for the team.\u201d<\/p><\/blockquote>\n\n\n\n

In the full #CoronaUpdate, Josef Vollmayr also reports on his assessment of the future development of the hotel market and why hotel guests are the winners of the current crisis:<\/em><\/p>\n\n\n\n

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