Saturday, August 29, 2020
Lastest Covid-19 Info


Covid-19: Delhi hotels’ revenues declined 44.3% during Jan-Jul, says JLL

Delhi saw a year-on-year decline of 44.3 per cent in revenue per available room (RevPAR) in the hotel sector between…

By Admin , in Covid-19 News India , at August 28, 2020

Delhi saw a year-on-year decline of 44.3 per cent in revenue per available room (RevPAR) in the hotel sector between January and July, property consultant JLL India said on Friday.
However, this decline is the most modest decline when compared to all other major cities in India, it added.
“During the lockdown months between April and June, many hotels in Delhi served as quarantine and medical staff housing facilities,” JLL India Hotels and Hospitality Group said in a statement.
The city is among the first key markets to bring the COVID-19 situation under control with a high recovery rate, JLL India said. Delhi has gradually opened its borders to facilitate business travel movement from the neighbouring cities of Gurugram and Noida, it added.
“Delhi’s hotel demand is driven by corporate business travel, the government- and judiciary-linked travel and leisure segment travel,” JLL Hotels and Hospitality Group (India) MD Jaideep Dang said.
He said that out of these, government-, …

Source:

Covid-19: Delhi hotels’ revenues declined 44.3% during Jan-Jul, says JLL

Comments