#MCExclusive ⚡️ OYO sees a strong recovery in the Indian #travel & #hospitality industry as #COVID19Impact seems to reduce due to unlocking, Founder & CEO Ritesh Agarwal tells Nisha Poddar.
https://www.moneycontrol.com/news/business/exclusive-june-july-saw-very-strong-recovery-trends-in-india-for-our-business-oyo-ceo-ritesh-agarwal-7254921.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/exclusive-june-july-saw-very-strong-recovery-trends-in-india-for-our-business-oyo-ceo-ritesh-agarwal-7254921.html?utm_source=telegram&utm_medium=social
Moneycontrol
Exclusive Interview | June, July Saw Very Strong Recovery Trends In India For Our Business: OYO CEO Ritesh Agarwal
Online hotel aggregator giant OYO Hotels & Homes sees a strong recovery in the Indian travel and hospitality industry as the impact of the second wave of COVID seems to reduce due to unlocking, Founder & CEO Ritesh Agarwal tells Moneycontrol’s Nisha Poddar…
Faced with uncertainty amid the #thirdwave and subsequent restrictions put in place by many states, the #hospitality sector, which had just begun a nascent recovery, has incurred losses amounting to Rs 200 crore.
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https://www.moneycontrol.com/news/trends/travel-trends/hospitality-industry-bleeds-rs-200-crore-as-omicron-goes-on-a-rampage-7910871.html?utm_source=telegram&utm_medium=social
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https://www.moneycontrol.com/news/trends/travel-trends/hospitality-industry-bleeds-rs-200-crore-as-omicron-goes-on-a-rampage-7910871.html?utm_source=telegram&utm_medium=social
Moneycontrol
Hospitality Industry Bleeds Rs 200 Crore As Omicron Goes On A Rampage
Faced with uncertainty amid the third wave, the sector fears further closures in the absence of support from the government.
Nirmala Sitharaman had announced the extension of the #ECLGS till March 2023 and had also said that the additional amount will be earmarked for the #hospitality & related segments to help them recover from the aftermath of the #COVID19 #pandemic.
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https://www.moneycontrol.com/news/business/govt-extends-eclgs-scheme-for-msmes-until-march-2023-to-focus-on-boosting-hospitality-and-aviation-8296711.html?utm_source=telegram&utm_medium=social
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https://www.moneycontrol.com/news/business/govt-extends-eclgs-scheme-for-msmes-until-march-2023-to-focus-on-boosting-hospitality-and-aviation-8296711.html?utm_source=telegram&utm_medium=social
Moneycontrol
Govt extends ECLGS scheme for MSMEs until March 2023; hospitality, aviation to get boost
The National Credit Guarantee Trustee Co has also increased the limit for borrowing under the third iteration of the ECLGS.
#IndianHotels CEO #PuneetChhatwal said that there's a 13% increase just in September so far & cumulatively it's a rise of 78% this year. The #hospitality sector, in general, has witnessed a solid demand post pandemic at frenetic pace.
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https://bit.ly/3RQeAJ8
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Moneycontrol
Hospitality industry is 20% higher compared to pre-pandemic times: Puneet Chhatwal, IHCL
Indian Hotels CEO said that in the last five years the company has added almost 120 hotels to the pipeline out of which many have opened.
India's #G20 presidency, which has completed 100 meetings, is boosting the domestic #travel and #hospitality industry, with #hotels seeing increased bookings and a substantial surge in hotel room pricing.
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https://bit.ly/41E6Q1i
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https://bit.ly/41E6Q1i