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Hotels limp back to normalcy as business travel remains depressed

Recovery still far away; blended average occupancy up 28-30% in current quarter from 18-25% in three months to September

The state of the industry has prompted top hotel chains to predict that revival may take anywhere between one and three years

The re-opening of restaurants, a key ingredient of the overall F&B (food and beverage) revenue, has also helped. It accounts for anywhere between 40-50 per cent for most hotels.

Shally Seth Mohile Mumbai
Hotels are limping back to normalcy albeit in an uneven way even as the business travel remains depressed.  Amid the gloom and doom, the re-opening of restaurants and the recent notification by the Maharashtra government which gives the hospitality sector industry status has come a relief said top officials for hospitality firms.  

Blended average occupancy across the hotels has inched up to 28 to 30 per cent in the current quarter from 18 to 25 per cent in September quarter, as per the estimates of consulting firm Hotelivate. The occupancy at leisure destinations is much higher ranging from 75-85 per

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First Published: Nov 16 2020 | 7:56 PM IST

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