City-based hotels had a great run from 2013 to 2019. Those in Mumbai posted an average 77% occupancy in 2019, according to STR, witnessing a steady 1% to 2% increase in full-year occupancy annually since the preceding five years.
However, these properties faced tough times after the pandemic struck, with occupancy dipping to 14.5% in April 2020. While these levels picked up gradually, the highest level was still 56.8% in February 2021. Following the second wave, it came down to 37.2% in April 2021.
Hotels in Mumbai were not alone in this calamitious condition – other city-based hotels, too, saw their occupancy and revenues fall drastically in the past 19 months.
CONSCIENTIOUS TRAVEL
Fortunately, the tide seems to be turning. Corporate India is back to travelling for work with 100% recovery across pharma, healthcare, real estate and biotech sectors on MakeMyTrip. The online booking platform noted a significant recovery in several sectors including manufacturing, defense and space, logistics as well as utilities with professionals returning to travel for business.
City-based hoteliers are seeing an uptick in corporate and group demand as more corporate professionals and entrepreneurs hit the road. On the even of the launch of ibis Mumbai Vikhroli, Anant Leekha, Cluster General Manager for this property and ibis Navi Mumbai is confident about a significant step-up in business travel as more workers return to the office.
Denne historien er fra October 2021-utgaven av Hotelier India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October 2021-utgaven av Hotelier India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Toxicity Derailing You?
A young lady employee in Pune apparently died due to work stress. This elicited a severe backlash. Platforms are abuzz with the urban educated venting about exploitative practices, dealing with stress and a toxic work culture. Looking at this trending topic from a different angle.
The Future of Dining
Here's how to position your restaurant for long-term success.
From Smart Showers to Self-Cleaning Toilets
Innovations in hotel bath fittings are here to Stay...
A Winning Affair
The Hotelier India GM Summit & ESG Awards 2024 (Northern Region) was an evening to remember.
The Celebrity Chef Connection
Hotels are shaking and stirring up their food and beverage offerings by having celebrity chefs showcase their repertoire to serve guests new experiences.
Sleep Like A Baby
As sleep tourism gains ground, the hospitality industry is all set to ensure that guests can make the most of the movement.
Cyber Security in Hospitality
Here's how to protect your guests from digital intruders.
Untouched Trails
Rahul Uppal and Manoj Sihag, Directors, Echor Hotels Pvt Ltd, share their passion for creating travel experiences in offbeat destinations...
From Maldives to India
Stéphane Laguette, Chief Commercial Officer, Atmosphere Core, on his company's next big move: India.
"Fostering meaningful relationships is crucial"
General Manager, Conrad Bengaluru, Digvijay Singh on his management mantras, challenges as a hotel GM, advice to aspiring GMs and more...