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https://mybs.in/2Zc4hR9 As per ANAROCK Property Consultants, over 26,340 rooms were added in the organized or branded hotels segment during 2017-19 Domestic travel industry has been one of the worst sufferers of Covid-19, as the pandemic and the ensuing lockdown hit their coffers hard. However, the economic activity picking up over the past few months, travellers – both leisure and business – are slowly returning. With an improvement in macro indicators in terms of business as well as COVID recovery rate, the hospitality sector is also expected to witness a revival in demand, though at a slower pace.
Kalra says that corporate travel will take the longest time to come back but it will be pretty strong. We re seeing green shoots of corporate travel and some amount of SME travel, he said.
Why 2021 could be the hospitality industry’s wonder year
Why 2021 could be the hospitality industry’s wonder year | India Today Insight
‘Revenge travel’ is the new trend and the Indian hospitality sector is looking to make the most of 2021 with over 20 hotel launches
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ITC s first Himachal hotel Welcomhotel Shimla
If ‘New Normal’ was the oft-quoted, overused coinage of 2020, ‘Revenge Travel’ threatens to be its counterpart for this year. Unlike the violent connotations of its etymology, what it implies is people cashing in on missed opportunities for travel with extra trips, followed by a splurge on leisure tourism. Of course, this has spurred hope and optimism in the beleaguered hospitality industry that had been paralysed during the lockdown and has been limping back to normalcy since the last quarter of