Hotel Industry Has Been Worst Hit By The Corona- Crisis.
The Covid-19 epidemic has badly affected the hotel industry in 11 major cities of the country, leading to a decline of 29 percent per room in January-March this year. According to JLL India, the level of filling of rooms in 11 cities-Ahmedabad, Bengaluru, Chennai, Delhi, Goa, Gurugram, Hyderabad, Jaipur, Mumbai, Pune and Kolkata-fell to 5-17 per cent, while per room income decreased by 13-29 percent.
Property advisor JLL India said in a report that the domestic hotel and hospitality sector was badly affected in the first quarter of the year 2020. According to statistics, all the 11 cities lacked both room filling and room earnings.According to property advisory firm JLL India, the first quarter of the current Panchang year during January-March 2020, the ware housing demand in eight major cities of the country has come down by 29 per cent to 59 lakh sq. ft. and new supply has come down by 14 per cent to 90 lakh sq. ft. These eight cities are Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Delhi-NCR and Pune.
Ware housing demand also declined
According to property advisory firm JLL India, the first quarter of the current Panchang year during January-March 2020, the ware housing demand in eight major cities of the country has come down by 29 per cent to 59 lakh sq. ft. and new supply has come down by 14 per cent to 90 lakh sq. ft. These eight cities are Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Delhi-NCR and Pune. JLL India estimates that demand will remain limited in the second quarter of the year 2020 and new supplies will also remain suspended due to lockdown applicable to control the outbreak of Covid-19 epidemic. However, demand is expected to rise gradually after the lockdown.
