Support: +91-22-61011756 / help@projectstoday.com
Help
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

Bengaluru’s hotel sector registers decline due to COVID-19

Monday, 24 Aug 2020
Share this on :
Bengaluru’s hotel sector has seen the sharpest decline in RevPAR among major Indian cities due to the ongoing COVID-19 pandemic. 
 
As per the JLL’s India Hotel Recovery Guide-Bengaluru, the RevPAR declined by 59 percent as of YTD July 2020, but is expected to bottom out in Q4/2020 as the government gradually eases lockdown restrictions and domestic travel begins to pick up. 
 
The occupancy also declined 53 percent Y-o-Y as of YTD July 2020. A gradual reopening of the country and easing of travel restrictions is expected to lead to a measured increase in business travel in major commercial markets. 
 
The city in the state of Karnataka is likely to get a bit of business-critical demand. Destinations within driving distance in and around the city, including golf course and Ayurvedic centres, are also likely to see an increase in demand. 
 
The hotel transaction market in India in 2019 was very buoyant, with total deal volume reaching a record Rs 5,327.5 crore (USD 762 million). This included the acquisition of four operational Leela Palace Hotels, a land parcel in Agra, and the Leela brand by Brookfield. 
 
These represented the largest proportion of the total transaction volume in 2019 and were also the highest hotel portfolio transaction value in the country to date. 
 
The city has evolved into a fundamentally strong hotels market on back of office demand led by IT and Fintech companies. The hotel market in Bengaluru is expected to bounce back, albeit slowly over the next couple of years. 
 
The hotels which are linked to office parks are expected to get back to business earlier as compared to the ones with huge banqueting and conferencing facilities.
 
Post Your Comments
 
 
   
 

 

 
  
Sign up to start your free trial

Are you...



REGISTER AND GET STARTER KIT ABSOLUTELY FREE!

Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services