The outbreak of Covid-19 caused the collapse of the global economy almost immediately and the coronavirus pandemic presented an unprecedented challenge to the hospitality sector. In the last two years, the unrest caused by the spread of Covid-19 had a substantial impact where many of the tourist properties were vacant due to travel restrictions.
The tourism and hotel sector was the most affected during the pandemic. The spread of the coronavirus has had a wide impact on international and domestic travel, with the last two years of lockdown being the toughest the travel industry has seen.
In an interview with HT Lifestyle, Ankita Sheth, co-founder of StayVista shared, “With various travel restrictions, the economy has become a concern for the tourism sector, seeing a complete halt to destination weddings, parties, corporate events and even corporate travel. weekend. . Post-pandemic travel restrictions have now been eased. However, people’s perspective on holidays and travel has changed dramatically.”
She revealed: “Guests prefer large, open spaces where they can stay active and around their travel companions rather than being confined to a single room. Celebrating special moments together is more valuable now than ever. As the months go by, the industry is gradually becoming aware of the circumstances caused by Covid-19 and we can say that tourism is finally on the road to recovery.
According to Vikas Suri, Vice President, Lords Hotels & Resorts, the hospitality sector, which has been the worst hit due to the Covid-induced lockdowns in the last two years, has witnessed a strong recovery from March 2022. He said, “Demand across the world”. sectors shot up driven mainly by weddings and meetings, incentives, conferences and exhibitions (MICE) and business travel. Weddings, home leisure, long weekends, festivals along with business travel will continue to grow in the coming months. Indian wedding destinations have a very busy season ahead, with hotels almost sold out on most days.
He added: “Inbound travel has not yet increased to pre-Covid levels, but the impact is not being felt due to increased domestic travel, revenge tourism, staycations, holidays and short breaks are the new normal.” Speaking about the same, Vishal Kamat, director of Kamat Group of Hotels, said: “Now that the pandemic is over, the sector is getting back on its feet. In addition to easing travel restrictions, the hospitality sector, which is attracting the attention of investors with higher occupancy rates, has benefited from the relaxation of restrictions on flights to and from India.As economic activity is liberalized and restrictions put in place to stop the spread of the coronavirus are eased, companies are seeing an increase in value of its shares. Finally, the industry is recovering from the pandemic and the hospitality sector is a big winner in the midst of the recovery of economic activity.”