Covid impact: Hospitality sector set for consolidation - The Hindu BusinessLine
Covid impact: Hospitality sector set for consolidation April 26, 2021 Struggling small and medium hotels likely to look for exit, say experts The hospitality industry in India is facing the brunt of the ongoing pandemic as bookings slow down to a trickle. This could accelerate mergers & acquisition activity in the industry in the second half of the year as several small and medium hotel owners come under financial stress and look for exit. “Last year, we knew that there was a lockdown and t...
Source: thehindubusinessline.com