 "hotels, staycation, coronavirus, hospitality, restaurants, tourism, quarantine, isolation, hospitals")
After braving three waves of the pandemic which brought sporadic changes to occupancy and average daily rates and uncertainty, hospitality firms are now looking to make the most of an uptick in the business cycle.
With restrictions easing and curbs removed, hotels are seeing robust bookings across the segments including weddings, business travel—particularly from small and medium enterprises and leisure. This will help them get back to the pre-Covid levels by the first half of FY23, points out Patu Keswani, chairman and managing director at Lemon Tree Hotels.
Social and corporate events will lead the recovery, said Vineet Verma, director,
