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The Indian hotel industry is going through its worst performance phase ever following the economic slowdown, the outbreak of Covid-19 pandemic and subsequent lockdowns. These have led to significant decline in occupancy and average room rates (ARR) as also revenues, operating margins and credit metrics. As per credit rating agency ICRA’s detailed sector report, the […]
The post No early road to recovery for Indian hotel industry: ICRA appeared first on Travel Daily.
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