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This Article is From Oct 10, 2020

Nirmal Bang: Hospitality Sector - Long Road Ahead For Recovery

Nirmal Bang: Hospitality Sector - Long Road Ahead For Recovery
Inside the Bengaluru Marriott Hotel in Whitefield. (image: Company website)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

Nationwide lockdown was imposed by the Indian government from March 25, 2020 to May 31, 2020, post which certain economic activities were permitted to commence in a phased manner.

Hotels received central government's nod to begin operations from June 08, 2020. However, there were many difficulties in the smooth operations post that which included -

  1. The opening up of hotels was not uniform across states in India, thus leaving too many unanswered questions among people regarding domestic travel.

  2. During July, while some states continued to utilize hotels as Covid-19 quarantine centers, certain states allowed hotel operations to begin but with restricted capacity utilization.

  3. Also, certain state governments' decision to extend the lockdown, rules like requirement of e-pass for domestic travel and insecurity among people regarding inter-state travel kept domestic tourism subdued in Q2 FY21.

  4. The emergence of digital meeting platforms restricted corporate travel even post lifting of the lockdown.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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