Hospitality In The Aftermath Of A Natural Disaster

A recently published report by STR charts out the decline and the ongoing revival of the hospitality sector in one of India’s foremost tourist destination – Kerela, after the catastrophic deluge.

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Kerela witnessed one of its worst floods in history that left a trail of devastation. Along with several other sectors, the tourism industry too came to a grinding halt in its aftermath. The floods were then followed by the Nipah Virus outbreak, which further hindered the visitor numbers for the year, leading to a decrease in room demand. Given this, a recently published report by STR took stock of the decline and the ongoing revival of the hospitality sector in this region.

The report mentions that the state’s hotel industry took a step back in 2018 with a 5.9% decline in revenue per available room (RevPAR) to INR2,892.34. That drop in the key hotel performance metric was largely due to a decrease in occupancy to 56.0% (-11.6% from 2017 levels).