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COVID-19 pandemic impact: Majority of hotel operators expect up to 2 years for revenue recovery, says JLL survey


The COVID-19 pandemic has brought the world to a standstill, with the hospitality, travel and tourism sector being the most affected due to travel restrictions across the world and within India, it noted.

Luxury hotel operators are expected to ramp up much slower with some expecting that their portfolio may take more than 2 years to reach 2019 performance levels, the survey said. (Representational image)

Majority of hotel operators expect that it will take 13 to 24 months for their hotels to return to revenue per available room (RevPAR) levels of last year, according to a survey conducted by global ...


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