Hotels

Don't force govt to impose strict lockdown, Uddhav Thackeray says in 'last warning' to hotels, restaurants

At a virtual meeting with hotel and restaurant associations and shopping centre groups, Thackeray said a 'lackadaisical' attitude towards COVID-19 norms had crept in lately

Coronavirus Lockdown: Hotel stocks rally up to 19% as govt lifts curbs on operations from 8 June

Hotel stocks on Monday zoomed up to 19 percent after the government said the opening of hotels, restaurants and other hospitality services and shopping malls will start from 8 June

Sterling Holiday Resorts to open 21 properties in first phase after it gets go-ahead from govt to resume services

Currently, the company has around 41 resorts across the country and all of them are closed for guests currently on account of lockdown imposed due to the COVID-19 pandemic, Sterling Holiday Resorts said.

OYO takes measures to mitigate COVID-19 impact, offer quality hospitality experience

Hospitality firm OYO on Tuesday said it is taking several measures to minimise the impact of COVID-19, and innovating to meet new standards of good quality hospitality experience at its hotels

COVID-19 hits hotel industry: Revenue per room drops 13-29% in Jan-Mar; Bengaluru worst-hit, says report

In revenue per room, the maximum fall was seen in Bengaluru at 28.5 percent, followed by Delhi 20.3 percent, Mumbai 20 percent, Kolkata 19.8 percent

Coronavirus Lockdown: ICRA expects GDP to contract by 20% in June quarter; 2% fall in current fiscal

After the government announced graded relaxations in the lockdown, domestic rating agency ICRA on Monday estimated that the country's GDP might contract by as much as 20 percent in the June quarter and is expected to overcome some lost ground in the remainder of the year but still close 2020-21 down by up to 2 percent

Coronavirus Outlook: Hotel industry mulls pay cuts, reducing manpower to tide over lockdown woes

The hospitality industry has taken up various measures to overcome the impact due to lockdown to contain the spread of coronavirus which include pay cuts, use of short staff besides engaging in partial operation, officials said

Coronavirus Outbreak: Hotel industry revenue likely to fall by Rs 90,000 cr in 2020 due to pandemic, says report

India's hotel industry is estimated to face a whopping business loss of Rs 90,000 crore during this calendar year, as all hotels are closed due to nationwide lockdown to control coronavirus disease, according to a report by HVS and Anarock

Coronavirus Outbreak: Amul eyes 15% growth in turnover this fiscal from over Rs 38,000 cr in FY'20 despite nationwide lockdown

GCMMF clocked 17 percent growth in its turnover at Rs 38,550 crore during the 2019-20 fiscal year.

Hotels, hospitality sectors severely hit by COVID-19; India may get increased share of manufacturing, logistics business: Report

Industry estimates indicate that in India, branded and organised hotels annual revenue is Rs 38,000 crore, it added.