INSUBCONTINENT EXCLUSIVE:
Chennai: Hospitality has started seeing early signs of month-on-month recovery in occupancy with gradual revival in domestic leisure travel
However, occupancies are still down 60 per cent compared to last year levels.Average occupancies in hotels across India moved up 10 to 12
for a change of pace, albeit to destinations closer to their cities
Domestic air passenger traffic also has improved by 39 per cent in September compared to August
However, corporate travel continues to remain subdued.On a year-on-year basis hospitality remains one of the worst affected by Covid-19
Occupancies were down 60 per cent last month compared to September 2019
significant recovery in September
Hotel occupancies in China were down 2 per cent, Singapore 8 per cent and Malaysia 38 per cent
However, Thailand occupancies are still down 65 per cent.Going ahead, festive season is likely to boost demand for travel and hotel stay
As per a consumer survey by Payback, since the first unlock, nearly 40 per cent of the respondents have either gone back to their hometowns
In the festive season, more than 20 per cent respondents are planning a vacation with nearly one third respondents in South and North India
Nearly three-fourth of respondents chose domestic holidays, mostly a weekend or short getaways to nearby destinations
favour a trip they could afford in the short-term rather than saving for a dream trip
