homehospitality News

Hotel bookings slowed down in January & February, says Indian Hotels

hospitality | Dec 27, 2021 7:08 PM IST

Hotel bookings slowed down in January & February, says Indian Hotels

Tata Group hospitality arm Indian Hotels Company Ltd (IHCL) on Monday said that hotel bookings have slowed down in January and February 2022.

Recommended Articles

View All

In an exclusive interview to CNBC-TV18's Latha Venkatesh, Puneet Chhatwal, managing director and chief executive officer, said, "We are very much in a difficult position to predict what is happening. When it comes to December, we are for a good finish."
Chhatwal said the company is seeing a challenging environment in London and in the US. Cape Town is recovering, Dubai is resilient and Maldives is one of the beneficiaries of COVID-19.
Also Read:
He said, "The margins will improve as an industry we have been able to adjust our cost base, but saying that with 200 people in certain other states as 100 only is going to improve margin? I don't think so.”
Further, Chhatwal said it is good news that things are happening and there no complete lockdown.
For full interview, watch accompanying video...
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CompanyPriceChng%Chng