The sector which is still reeling under the stress caused by the outbreak of COVID-19 witnessed a sense of relief in the state of Maharashtra where the government came out with different policies to uplift the tourism sector in the state. Tourism is one of the fastest-growing and largest employment generators in the state. To...

The tourism industry is undergoing significant change due to the outbreak of COVID-19. Unlike previously where travelers had multiple domestic and international destinations available to explore, with the imposed lockdown, tourism is only expected to be driven by domestic tourism. In the first wave of the revival of domestic tourism, staycations and weekend getaways have...

ETHospitalityWorld spoke to experts in the industry on their view of the Kamath Committee recommendations and the RBI’s move to accept them. The general view is that the document needs to be examined carefully, but many think that the hospitality industry may not be able to make full use of the measures. “The RBI notification...

The K V Kamath Committee’s recommendations on loan restructuring are likely to offer some relief to the hospitality sector that is now staring at a debt pile, say hotel executives. They are, however, sceptical of whether the lenders would exercise the restructuring option and pass on the benefits. The cumulative debt of the hospitality sector...

In the current scenario, with low demand and restricted travel, many hotel owners who already have over leveraged their credit facilities are either looking to dilute their equity or liquidate their assets. The Indian Hotel industry is reeling under stress due to the current imposed lockdown which has extended for more than 120 days. The...

The hotel industry has been largely dominated by unorganized players even till now. Back in 2006/07, the organized segment was dominated by International chains which primarily expanded with either management contract or franchise business model in the country. It was in 2009/10 when domestic chains also started to expand and increase their share in the...

Almost a month after re-opening, occupancies across hotels remain at a fourth of the original capacity, with this too, largely coming from the Covid-19 induced quarantine business. Hotel associations and industry executives say that in the absence of government support in the form of an extension of the moratorium that ends in August, at least a third...

With the Delhi government continuing with curbs on regular operations, and occupancies continuing to stay muted in other states due to rising Covid cases, retailers housing stores in India’s leading hotels are struggling and have been negotiating rentals with the hospitality chains. Many stores in hotels are likely to wind up operations for good, industry...

With no immediate recovery in sight, hotel and resort owners are dialing real estate consultants to find buyers for their properties. According to industry watchers, these properties valued anywhere between Rs 50 crore and Rs 500 crore also include some well known domestic and international hospitality brands have go up for sale in the past...