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Distressed hotels pin hopes on travel revival SECTIONS Share Synopsis 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. ....
Hotel occupancy falls 31% in January SECTIONS Share Synopsis Industry insiders said after the year-end frenzy in December,the performance of the Indian hotels sector was relatively subdued and grew marginally in January from the previous month. ET Bureau New Delhi: The occupancy rate for India s hotels in the first month of 2021 was 29-31% lower compared with a year earlier, according to hospitality consultancy HVS Anarock. Industry insiders said after the year-end frenzy in December,the performance of the Indian hotels sector was relatively subdued and grew marginally in January from the previous month. But they estimate February to be a better month operationally for the sector, with occupancy levels possibly breaching the 50% mark for the first time since February last year. ....
December 13, 2020 × With curbs on social gatherings and safety concerns, people are flocking to trusted names in the hospitality sector It was the peak Covid time in Kerala. The daily number of fresh coronavirus cases crossed the 2,000-mark for the first time in August. When the Nazer family fixed the Nikah (marriage) ceremony of their daughter on August 19, little would they have imagined that their own area in Ernakulam will come under the Covid-19 containment zone. “At that point of time, safety of the couple as well as our invitees were the top-most priority for us,” Nourin Nazer, a management graduate, said while recalling her sister’s wedding ceremony. ....