Let’s peep into the Indian hospitality industry and how it will change post COVID!!
The pause in all domestic and international travel and lockdown worldwide due to COVID-19 has adversely affected all the segments of hospitality industry. The pandemic has given the industry a vicious blow. “Tourism constitutes 10% ($275 Billion) to India’s GDP (Business Line).” This is no small amount and will require a joint plan by the government and the industry to overcome the havoc caused by pandemic.
Hotelivate Report: “The hotel industry faces a loss of Rs. 620 crores (Business Line). Some optimists believe that if the viral lasts till June 2020 and business picks up in the second half of the year then the pandemic would have caused only 18-20% erosion of national occupancy while there will be a 12-14% drop in the ADR (Average Daily Rate)”. This is an ambitious assumption.
Hotel industry needs to reshape operations post COVID-19! As the disease continues to spread, hoteliers have introduced and implemented new health and safety protocols as part of ever-evolving operating procedures. The following are a few protocols that need be taken to come back to normal and keep the staff and guests safe from COVID.