Business hotels are optimistic

HVS ANAROCK’s ‘General Manager’s Sentiment Survey’, conducted across branded hotels pan India, reveals that upscale business properties are expected to open sooner than others, including leisure hotels.

Business hotels are likely to see quicker recovery. Economy and midscale hotels, on the other hand, are also confident of achieving 50 per cent (or more) occupancy in the fourth quarter of 2020.

The report also reveals that going by property type and positioning, 33 per cent of business economy and midscale hotels are expected to exceed 50 per cent occupancy by Q4 2020.