Wiesn-Wirte offer guests compensation after closure - Oktoberfest Closes Due to Bomb Threat, Tents Face 50% Loss
Oktoberfest was forced to close on Wednesday due to a bomb threat, leading to significant financial losses for tent owners. The annual event, which attracts millions of visitors each year, was shut down for half a day while authorities searched for potential explosives. Guests with reservations on the closed day are being offered compensation.
The sudden closure has resulted in an estimated 50% daily revenue loss for tent owners. To make amends, they are offering guests the option to change their reservation to another day or redeem vouchers without a reservation until Sunday or later in regular taverns. If none of these options are feasible, guests will be refunded upon presenting their original receipt.
The total daily turnover of the Oktoberfest is believed to be in the tens of millions. Allianz, an insurance company, has confirmed that loss of turnover due to terror or terror threats is insurable. However, the coverage for damages from a terrorist attack and related festival closures would depend on the specific car insurance quotes in place. Some tent owners may have smaller losses due to car insurance coverage for business interruptions.
The suspect, a 57-year-old man with a history of arson and family attacks, has not yet been apprehended. The Oktoberfest tent owners are doing their best to mitigate the financial impact on their guests, with insurance companies ready to step in where possible. The event is expected to continue as planned, with enhanced security measures in place.
