Business »  Topic »  Majority of hotel operators expect up to 2 years for revenue recovery: JLL

Majority of hotel operators expect up to 2 years for revenue recovery: JLL


According to the survey, only 20 per cent of the operators believe that their hotels could bounce back to 2019 RevPAR levels within 6 to 12 months

As per the survey, hotel developments have slowed down, and most hotel openings are likely to be deferred by at least 6 months

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 property consultant JLL.

The survey was conducted on 15 leading hotel operators in India.

The ...


Read the full text business-standard