Business

Hotel Sector Check – Strong Recovery Seen In Q2 FY22: Nirmal Bang

Today News ||

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Our optimism on the hospitality sector, supported by the recent anecdotal evidence in July-September 2021, is in sync with the expert opinion we received in the recently attended zoom call hosted by ICRA with the management of The Indian Hotels Company Ltd. and Chalet Hotels Ltd.

The speakers stated that though demand is led by leisure (staycations, workations, weddings etc.), there is evidence of resumption of corporate travel and meetings, incentives, conference/ conventions and exhibitions/ events too (jewellery show in Bengaluru).

However, resumption of foreign travel will take time to revive in spite of the recent press reports indicating opening up India to foreign guests.

Ads

Given the strong spurt in demand, the occupancy level has reached more than 50% in July-September 2021 in most cities.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

More Economy Business News Updates of Today Check Below

Today News || Business Today || World News || Headlines Today || Health || Technology News || Education News

Source

Tags
Show More

Related Articles

Back to top button
Close