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“Business hotels will recover faster”
Hospitality Talk
|April-May 2020
Ajay K. Bakaya, MD, Sarovar Hotels and Resorts, shares how his city hotels are performing better than the resort ones and why. Resorts will bounce back only from October 2020.
What is the impact of this lockdown extension on the hotel industry?
Due to COVID-19, our resort hotels have taken the worst hit. City hotels are performing better. We have two unique cases where our hotels are performing exceptionally well. One is Baddi in Himachal Pradesh, which is a pharma and medicine manufacturing hub. The local administration has supported business and kept factory production going and encouraged hotels to provide full facilities while taking all precautions. The second is Kakinada in Andhra Pradesh where shipping related business has brought in good revenue. Both hotels are operating at 90 per cent occupancies. The impact on all categories is the same. Corona is classification and category neutral.
This story is from the April-May 2020 edition of Hospitality Talk.
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