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Covid: India's Luxury Hotels Take A Massive Beating

Covid: India s Luxury Hotels Take A Massive Beating
The hotel and restaurant business in India has been among the sectors hit hardest by the coronavirus pandemic, with the resulting lockdowns and economic slowdown decimating revenues and profits.
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outlookindia.com
2021-07-14T07:24:55+05:30
With the coronavirus pandemic wiping out profits, the Indian hotel industry has been left in a state of total disarray. It will take years for the sector to recover, experts say.
The hotel and restaurant business in India has been among the sectors hit hardest by the coronavirus pandemic, with the resulting lockdowns and economic slowdown decimating revenues and profits. ....

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From Thailand to Sri Lanka: Centara Hotels names new GMs

BANGKOK, Thailand – “I offer my congratulations to all of the new members to the Centara team as well as to the friendly faces who are taking on new challenges in their new assignments.
BANGKOK, Thailand – “I offer my congratulations to all of the new members to the Centara team as well as to the friendly faces who are taking on new challenges in their new assignments. I am pleased to see the progress of many of our people and am confident that they will continue to help drive their properties to meet their goals in 2016,” said Thirayuth Chirathivat, Chief Executive Officer of Centara Hotels & Resorts, talking about the new GMs recently brought onboard. ....

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COVID: India′s luxury hotels take a massive beating | Asia| An in-depth look at news from across the continent | DW

COVID: India′s luxury hotels take a massive beating | Asia| An in-depth look at news from across the continent | DW
dw.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dw.com Daily Mail and Mail on Sunday newspapers.

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Distressed hotels pin hopes on travel revival

Distressed hotels pin hopes on travel revival
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Mid-market hospitality player Lords Hotels & Resorts was bullish on its new management contract property in South Goa that had opened in October 2019. Just as the 110-room property was beginning to get a foothold on Varca Beach, the pandemic struck.
(This story originally appeared in
on Jun 28, 2021)NEW DELHI: Mid-market hospitality player Lords Hotels & Resorts was bullish on its new management contract property in South Goa that had opened in October 2019. Just as the 110-room property was beginning to get a foothold on Varca Beach, the pandemic struck.
“The owner (of this property) could not reopen it after lockdown. The monthly electricity bill alone was in lakhs and he decided to shut shop permanently,” Lords’ senior VP (operations) Rishi Puri told TOI. ....

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ITC to expand Welcomhotel brand to 25 hotels even amid pandemic

Read more about ITC to expand Welcomhotel brand to 25 hotels even amid pandemic on Business Standard. Amid Covid pandemic and slump in the hospitality industry owing to lockdown and restrictions, ITC Hotels is optimistic about domestic tourism, planning to increase number of properties in Welcomhotel. ....

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