Hospitality industry on path of recovery

Our Bureau Updated - November 26, 2021 at 02:41 PM.

Hotels are seeing a big increase in bookings and this trend is expected to continue as the New Year approaches

KARNATAKA MYSURU 07/11/2021: A 50 per cent waiver on property tax for the year 2021-22 hotels is expected to revive the hospitality sector affected by the pandemic. Photo: SRIRAM MA

The hospitality industry is seeing an uptick post Covid. According to BookingJini, a hospitality industry service provider, the month-on-month booking of hotels has increased by 14 per cent, and for the next month, a growth of 18 per cent has been projected. Himachal Pradesh, Uttarakhand, and Goa have seen the highest number of bookings for the New Year.

The Covid-19 pandemic has impacted every sector globally. With the hotel industry being one of the hardest hit, hotel chains, resorts, function halls, and restaurants across the country saw their business came to a halt as a result of the lockdowns and travel restrictions. However, following a better-than-expected diwali weekend, the hospitality industry is hoping to conclude this year on a high note by doing well.

All forms of travel increase

According to BookingJini, a Bhubaneshwar-based startup, both solo and group travel increased last year, primarily among millennials. With more families travelling, this trend is predicted to continue in the coming year as well.

Also read: Hostel bookings growing by 60 per cent month-on-month as travel picks up

Hotels have been seeing a big increase in bookings around the country, and this trend is expected to continue as the New Year approaches. Companies like MakeMyTrip and BookingJini have witnessed an uptick in the demand, which hints at a strong recovery.

Published on November 26, 2021 09:11