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August 15th was India’s independence day and, as is, typical, celebrations are being led by government sponsored functions across the country, however in the private sector, India’s hospitality indust
August 15th was India’s independence day and, as is, typical, celebrations are being led by government sponsored functions across the country, however in the private sector, India’s hospitality industry is busy celebrating a sharp recovery after dismal numbers posted over the past 18 months.
While the US is still debating whether it is a “V” or “W” shaped economic recovery from the Great Recession, the Indian hotel industry has staged a recovery as steep as the decline it witnessed in 2009. Back then, India’s leading business publication, Business Standard, carried a story headlined “Hotel Occupancy May Hit Record Low”. That report noted that “the bad news just doesn’t seem to end for the hotel industry.