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Vande Bharat Mission remains key demand generator for hotels in June and July

Vande Bharat Mission remains key demand generator for hotels in June and July
Vande Bharat Mission remains key demand generator for hotels in June and July
Restrictions on regular operations continue in Delhi and states such as Karnataka, Goa and Uttar Pradesh reinstated lockdowns in some form or the other this month.

Synopsis

HVS estimates about 25-30% of the 3.5- 4 lakh direct employees for the organised sector have already lost jobs and a similar number has been impacted by salary cuts ranging from 15-50%.

Job cuts are expected to go up significantly in the hospitality sector this quarter, even as the Vande Bharat Mission emerges as the key contributor to occupancies for hotels this and last month, industry insiders said.While the repatriation exercise has been the key demand driver for the sector, industry executives feel that may not be enough in the absence of adequate monetary support and other factors like reinstating of lockdowns in some
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The Economic Times