Covid hit Indian hotels aren t making profits despite more travel Quartz 19 hrs ago © Provided by Quartz
The “revenge travel” tendencies of Indians have provided a much-needed boost to the country’s hospitality sector over the last couple of months. But it will be a while before the sector goes back to pre-pandemic growth levels.
Occupancy rates at hotels in India are currently higher than in April when the second wave of Covid-19 picked pace, however, room tariffs are under pressure, especially at luxury hotels. Several luxury properties are not making enough money because they have been forced to cut rates to attract customers.
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