Hotel chains are bracing for a 10-15 per cent drop in December forecasts after thousands of IndiGo flights were cancelled over the past week following a government-mandated 10 per cent cut in flight operations. The turbulence in the sector over the IndiGo crisis has led to a spree of hotel room cancellations at the start of what is usually a peak month for the industry.
“Typically, cancellations in these markets hover around 2 per cent, but during the peak of the disruption this climbed to roughly 10-15 per cent for a short period,” said Rahul Deb Banerjee, chief operating officer

)