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COVID-19 second wave will sour fortunes of a recovering hotel sector

 With revenue expansion hitting a road bump in the near term and profitability at risk, the debt metrics are a cause for concern

May 27, 2021 / 08:44 PM IST
COVID-19 second wave will sour fortunes of a recovering hotel sector

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Just when novel trends such as revenge travel and staycations brought some cheer to the hotel sector, the second wave of covid-19 is threatening to haemorrhage its fortunes further. Without a doubt, this sector was the worst-hit by the pandemic. The HVS-Anarock report for 2020 on the Indian Hospitality Industry estimated a loss of Rs90,000 crore for the sector in the year. However, fatigue from the lockdown, restricted mobility and work-from-home (WFH) led to a high appetite for weekend packages and staycations offered by...

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