NYE Celebrations: NYE celebrations become a silver lining for hospitality industry, better days lie ahead for hotels

Christmas and New Year celebrations of 2020 have come about as a silver lining for the hospitality industry which has been among the worst-impacted sectors due to the lockdowns and the pandemic.

More and more people are moving outstation on staycations of three to four days, along with their friends and families. The national capital, despite the rising number of novel coronavirus cases, has been among the favoured destinations for tourists, with average occupancy rate in hotels remaining above 60 per cent level.

Some of the hotels hosting popular parties and year end events have also seen packed bookings even on skyrocketing prices. This rise in demand for hotel rooms comes on the back of discounts, offers and packages along with fatigue among the common people triggered due to the lockdowns and the pandemic.

Hotel Association of India’s (HAI) Vice President KB Kachru said that the occupancy rate is moving in the right direction. He said that while in some places, the rise in…

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