News > Bengaluru hotels worst hit by COVID-19, bearish on demand revival
Bengaluru hotels worst hit by COVID-19, bearish on demand revival
Business Today | 24/08/2020 09:05 PM | Click to read full article
Bengaluru has seen the sharpest decline of 59 percent in the Revenue Per Available Room (RevPAR) compared to other major Indian cities. Even the occupancy rates have gone down 53 percent.
Alluding to the distress in the hospitality sector, many hotels had to shut down to cut losses. Whatever little business hotels have been getting during the past few months has been mostly for repatriation and self-quarantine purposes.