 "hotels, staycation, coronavirus, hospitality, restaurants, tourism, quarantine, isolation, hospitals")
Around 20-25 per cent of 150,000 branded hotels in India’s pandemic ravaged hospitality sector stand the risk of a permanent closure, according to the Hotel Association of India. Even though some of them are available at a good price, it’s unlikely to see an aggressive participation by the incumbents as they battle to survive the current crisis.
Getting the business back on track will top their priority over anything else, said analysts and hotel executives. One may, however, see the entry of family offices, international funds and high net worth individuals who had been keen on entering the space, said
