Page 17 - Hospitality Industry

Unlock 1.0 details, PM Modi's 'Mann Ki Baat' and coronavirus updates

Modi noted how India has fared much better than many parts of the world in fighting the pandemic

Unlock 1.0 kicks in: Hotels, malls, places of worship to open from June 8

With this, the Centre has outlined a plan to reopen nearly all activities outside of containment zones starting Monday.

Agriculture, mining saved Indian economy in FY20; manufacturing bites

The farm sector is expected to perform well in FY21 as well.

Marriott International offers 30% discount at all its hotels in South Asia

The scheme covers more than 90 hotels across India, Nepal, Bhutan, Bangladesh and Sri Lanka.

Tourism ministry extends validity of approval for hotels till June end

Due to the postponement of inspection work and application scrutiny during the lockdown period, it has decided to allow six months' relaxation or extension to all categories of tour operators

Covid-19 crisis: Slippages may jump to Rs 5.5 trillion, says India Ratings

Credit costs could touch Rs 2.7 trillion

Covid-19 impact: No comfort in hotel stocks as recovery pushed to FY23

Expectations of a slow recovery, high fixed costs and debt worries are putting off investors

Hotels across all segments open doors for govt's repatriation scheme

Hotels in all the five metros including Delhi, Bengaluru, Chennai, Mumbai and Kolkata, are serving as isolation facilities for the travellers before they head home after the 14 day quarantine

Despite Covid-19, Club Mahindra to push for expansion with Rs 1K cr capex

Shorter-term membership packages may be considered

Premium diners hit the brakes hard; look to reinvent for survival

There will be ongoing speed bumps and resets and at least six months before 80 per cent stability returns to dining

From airlines to automobiles, businesses see washout in April amid lockdown

According to the Indian Cellular and Electronics Association of India, the loss in revenues for mobile device manufacturers during the lockdown has been Rs 20,000 crore

Oyo to offload more loss-making hotels amid Covid-19 outbreak: Report

The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt

Covid-19 fallout: Hotel industry revenue likely to slip by Rs 90,000 cr

Given the evolving scenario, the consultants said they have revised earlier estimates of the overall revenue loss that the industry would face in 2020

Covid-19 impact: Tourism industry to incur Rs 1.25 trn revenue loss in 2020

During April-June, the Indian tourism industry is expected to book a revenue loss of Rs 69,400 crore, denoting a year-on-year (y-o-y) loss of 30 per cent

Odisha hoteliers ask for tourism marketing plan before lifting lockdown

An announcement of a robust tourism policy laced with incentives can be a major impetus for tourism infrastructure in the state, say hotel guild

Lockdown impacting hospitality sector; needs govt support: Industry

The government has also requested industries to not lay off staff and cut salary, where in liquidity is a problem

Cognizant withdraws full-year guidance for 2020 amid Covid-19 uncertainties

The withdrawal comes on the back of falling client demand, expecially in the travel and hospitality space

Airlines, hotels stare at uncertain future amid coronavirus spread: CARE

The aviation industry, which includes airports and their vendors and suppliers, might not fully recover soon from the impact of the coronavirus disease (Covid-19) pandemic.

Covid-19: Govt bailout must to salvage airlines and hotels, say analysts

CARE says domestic airlines face severe cash flow pressures as they won't fly till mid April; airfares may remain low and certain routes may have to be scaled down

NPA norms may be eased, tax deferment likely in coronavirus healing touch

These are among the measures that could be discussed in the Covid-19 Economic Response Task Force