Hotels across segments to take over 2 years to recover from pandemic: Study

Consulting firm Hotelivate expects daily rates and occupancy to remain depressed

The operational performance of hotels in India across the categories including luxury, upscale, midscale and economy is expected to remain depressed for over two years and unlikely to touch the FY19 levels any time soon, according to consulting firm Hotelivate’s latest, Indian Hospitality -- Status and Pulse Report. This comes even as India battles a rapid surge in the total number of active Covid-19 cases and large swathes of the country remain under localised lockdowns. Therefore, the second quarter of FY22 is likely to remain under severe pressure.

While the economy segment is likely to have closed the Covid year