Hospitality Sector Q3 Earnings Preview: Recovery In Progress - Nirmal Bang
An employee wearing a protective mask uses a smartphone at the ITC Maurya Sheraton Hotel. (Photographer: T. Narayan/Bloomberg)

Hospitality Sector Q3 Earnings Preview: Recovery In Progress - Nirmal Bang

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Nirmal Bang Report

Q3 FY21 was operationally better for hotels compared to H1 FY21. Although hotels received permissions to begin operations from June 08, 2020, the opening up of hotels was not uniform across states in India.

Q3 FY21 saw pick-up in domestic travel with preference for leisure destinations and luxury hotels. However, city hotels and corporate travel are yet to witness a similar pick up.

With the discovery of new strain of the Covid-19 virus, the steps taken by the central and state governments like imposing of ban on arrivals from many international destinations, mandatory Covid tests for inter-state travels and night curfews are likely to slow down recovery of the sector.

Click on the attachment to read the full report:

Nirmal Bang Hospitality Sector-Q3FY21 Result Preview- 7 January 2021.pdf


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