Indians are travelling more than before but hotels are still not making enough money ...Middle East

Quartz - Economy
Indians are travelling more than before but hotels are still not making enough money
source : Quartz ( Middle East ) () 12
The “revenge travel” tendencies of Indians have provided a much-needed boost to the country’s hospitality sector over the last couple of months. But it will be a while before the sector goes back to pre-pandemic growth levels.Occupancy rates at hotels in India are currently higher than in April when the second wave of Covid-19 picked pace, however, room tariffs are under pressure, especially at luxury hotels. Several luxury properties are not making enough money because they have been forced to cut rates to attract customers.“Rates have been impacted since the onset of the pandemic and will take 2-3 years to go back to original levels,” Zubin Saxena, managing director and vice president of o

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