Travel Covid hit Indian hotels aren't making profits despite more travel

08:42  23 july  2021
08:42  23 july  2021 Source:   qz.com

Best use of Hilton Honors points

  Best use of Hilton Honors points Let’s talk about Hilton Honors points and how best to use them! First off, it’s important to note that Hilton points are some of the easiest to accumulate. You can earn Hilton Honors points quickly and easily when you sign up for and use one of these credit cards. Between the initial sign-up bonus and […]Hilton no longer publishes an award chart, which makes it a bit more challenging to figure out how many points you need to redeem for a particular hotel. The number of points needed to redeem for a free night at any of their hotels fluctuates throughout the year, typically between 5,000 and 95,000 points per night.

a large empty room © Provided by Quartz

The “revenge travel” tendencies of Indians have provided a much-needed boost to the country’s hospitality sector over the last couple of months. But it will be a while before the sector goes back to pre-pandemic growth levels.

Occupancy rates at hotels in India are currently higher than in April when the second wave of Covid-19 picked pace, however, room tariffs are under pressure, especially at luxury hotels. Several luxury properties are not making enough money because they have been forced to cut rates to attract customers.

“Rates have been impacted since the onset of the pandemic and will take 2-3 years to go back to original levels,” Zubin Saxena, managing director and vice president of operations of South Asia at Radisson Hotel Group told Quartz.

The best airline credit card offers (Some with increased welcome bonuses!)

  The best airline credit card offers (Some with increased welcome bonuses!) Fasten your seatbelts. We’ve compiled a list of the top credit card offers to consider right now for award flights to help you ring in a new year of travel. If you’re loyal to a particular airline, you can do well by opening an airline credit card that rewards you for your business with a […]Summary

Rategain, a hospitality tech firm that serves some of the leading hotel chains in India such as Leela Hotels, blames international travel bans for this situation. There has been a ban on scheduled international flights to India since March 2020. “Two- and three-star hotels are witnessing a recovery in prices while four- and five-star hotels continue to suffer erosion in prices, as the lack of international travel continues to push prices down with urban population choosing to move to long-term rentals outside of the metro cities,” it explained.

Hotel bookings during Covid-19 in India

Even as several parts of India still have travel restrictions due to Covid-19, the Himalayan states of Uttarakhand and Himachal Pradesh along with other popular tourist destinations such as Udaipur, Goa, and Ladakh, have opened up their borders for tourists. Encouraged by this, Indians from across the country have started arriving at these places, boosting local businesses.

Announcing the 2021 Hot List Winners

  Announcing the 2021 Hot List Winners For the 25th edition of the Hot List—Conde Nast Traveler’s picks of the year's top hotel and industry openings—these 69 winners represent the best of the best.Clear here to see the entire Hot List for 2021.

"Hotel bookings on our platform have increased by threefold in comparison to the time between May's last week until June's first week. This has coincided with the easing of restrictions and reduced caseloads of Covid-19," Rajiv Subramanian, vice president of travel portal Cleartrip, told Quartz.

However, this sudden influx of tourists is causing other problems for locals in the areas. For instance, earlier this month Himachal Pradesh's capital Shimla, which is a popular travel destination, witnessed an acute shortage of water due to high demand. Besides, local residents at these destinations are worried about travellers not adhering to the Covid-19 norms.

But unfazed by the problems, hotels—both luxury and affordable ones—are looking to make the most of the opportunity, especially as it may be a limited one given the looming third-wave of Covid-19.

In May this year, weekly hotel bookings witness a 95% increase largely driven by growth in key cities, according to Rategain. "Almost all tier-1 cities and state capitals are seeing a surge in bookings with a 100% increase on weekly basis," it said.

Hotel industry players believe that the main reason behind the boost isn't just long-distance travel but also the fact that people are preferring destinations within drivable distance for weekend getaways and staycations. "Upended travel plans are translating into a surge in occupancy in leisure destinations like Shimla, Srinagar, Karjat, and Alibaug," stated Saxena of Radisson Hotel Group.

Top Travel Rewards Programs Prioritize Flexibility, Ease of Earning .
U.S. News announces 2021-22 Best Airline Rewards Programs and Best Hotel Rewards Programs.When it comes to earning, hotel and airline loyalty programs continue to offer diverse ways for members to accumulate points or miles. For instance, Wyndham Rewards gives members the chance to earn points by booking tours and excursions while traveling, and Choice Privileges awards participants with points when they pay for rental cars and tee times at various golf courses. World of Hyatt offers members opportunities to collect points for services like spa treatments and fitness classes.

usr: 0
This is interesting!