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Business hotels woes continue in absence of corporate travel
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Synopsis
As a result, hotel chains are offering work from hotel packages, steep deals, dining and spa discounts and late check-outs. The difference in room rates between some five-star luxury hotels in leisure destinations and their city counterparts primarily targeted at business travellers in markets such as Gurgaon, Delhi and Mumbai is over 100% in some cases.
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Room rates for business and city hotels continue to spiral downwards in India in the absence of large-scale corporate travel post the Covid-19 pandemic, even as some leisure properties of chains are being sold at a premium or at 2019 levels.
Synopsis
Queries for travel to a variety of overseas destinations such as the Maldives, Russia, Switzerland and the United Arab Emirates are growing 35-85% month-on-month as many countries are welcoming back Indian travellers subject to vaccination or other conditions, said industry executives.
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India’s corporates are also looking forward to restarting their incentive tours, with several having retained their unspent budgets, said Kale.
Easing of restrictions on Indian nationals for non-essential travel by an increasing number of countries amid declining Covid-19 cases and expanding vaccination has led to a surge in demand in the beleaguered travel services industry after it bore the brunt of the pandemic for more than a year.
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