Estimating collateral damage!

Hospitality Talk| April-May 2020

Estimating collateral damage!
COVID-19 has stressed the hospitality industry globally. Mandeep S. Lamba, President – South Asia, HVS ANAROCK, reveals estimate loss the industry will bear and if the damage is irreversible
Anupriya Bishnoi

What kind of impact have you seen on the India hotel market due to COVID-19?

India like most other countries is on a lockdown, the ramifications of which are unprecedented. Travel and hospitality sectors have been hit hard. The current situation is extremely grim, as inbound foreign tourism has come to a grinding halt and domestic flights have also been suspended from March 25, 2020. All other demand segments such as M!CE, business, social and sporting events have been cancelled or deferred indefinitely for the foreseeable future.

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April-May 2020