The overall business and summer holiday bookings are likely to be impacted by 25 per cent on a year-onyear basis, according to industry estimates.
According to Megha Tuli, Managing Partner & Co-Founder, Hotelivate, the hospitality industry is likely to see an impact of “20-25 per cent the business on an annualised basis.”
Pride Hotels and Sarovar Hotels expect a 20 per cent hit, whereas Lemon Tree expects the impact to go as high as 30 per cent.
Rise in cancellations
Sarovar Hotels has seen 70 per cent cancellations at their properties. Ajay Bakaya MD, Sarovar Hotels said: “Cancellations started coming in from the last week of February; they have snowballed through March and are very high.” Sarovar has 83 hotels in India and threein Africa.
This story is from the March 19, 2020 edition of The Hindu Business Line.
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This story is from the March 19, 2020 edition of The Hindu Business Line.
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