Hospitality Talk| April-May 2020
How bad the impact of COVID-19 is on the industry?
The impact of COVID-19 on the hotel sector, as we are all experiencing, is severe. Several hotels in the country have either suspended their operations or are operating with single-digit occupancy. Other revenue streams such as F&B, spa, etc. are non-existent, at this time. Unlike many other frontline businesses such as retail and entertainment, hotels and aviation are physical services which do not have the scope to go online. With the suspension of travel and curtailment of movement around India, these sectors are more vulnerable than other parts of the economy.
What alternate options do you suggest to hotels at the moment?
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