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HVS ANAROCK's lowdown on 2019 & forecast for 2020
Hospitality Talk
|January - February 2020
Like every year, 2019 started on an optimistic note, but was that optimistim well placed? Have the predictions of steady growth made their investors happy? Mandeep S. Lamba, President (South Asia), HVS ANAROCK explains the scenario.
How has 2019 been for Indian hospitality industry?
At the start of 2019, we were optimistic about the sector because of the strong performance witnessed in 2018 driven primarily by the increasing demand-supply gap. The first quarter of 2019 beat market expectations, and in the latter part of the year, the sector benefitted from easing of Goods & Services Tax (GST) rate on hotel room tariffs across the board. However, successive negative influences overshadowed the positivity in the sector.
Diese Geschichte stammt aus der January - February 2020-Ausgabe von Hospitality Talk.
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