Kamath panel recommendations: Implementation to be key, say hotel execs

Hospitality firms say banks should be willing to restructure

The K V Kamath Committee’s recommendations on loan restructuring are likely to offer some relief to the hospitality sector that is now staring at a debt pile, say hotel executives. They are, however, sceptical of whether the lenders would exercise the restructuring option and pass on the benefits. 

The cumulative debt of the hospitality sector is close to Rs 45,000 crore. At least a third of this is likely to be restructured, say analysts.  

Manav Thadani, co-founder and chairman at Hotelivate, a hospitality consulting firm, says, “It’s not a one-size-fits-all situation.” Hoteliers said the very fact that the sector has found mention