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Average occupancy at 30% between August-October: Lemon Tree Hotels

Updated : October 23, 2020 03:01:10 IST

Average occupancy at 30 percent between August and now, Rattan Keswani, Deputy MD of Lemon Tree Hotels told CNBC-TV18.

“This is largely been driven by staycations and working in hotels in close-by drive-in locations because the commercial traffic has not shown any uptick whatsoever,” he said.

However, he added that there has been some commercial uptick in the tier-II and below cities.

On pricing, Keswani said room rates were 15-18 percent down this year. However, he added that they are seeing an uptick in pricing gradually as demand was picking up.
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