Hotel chains and industry analysts are cutting back on their growth forecasts for the current quarter and are witnessing a dip in occupancies and revenues this month following the Coronavirus outbreak with both business and leisure trip cancellations coming in by inbound travellers and future bookings getting stalled. Jaideep Dang, managing director, hotels and hospitality group at JLL said hotels in India will continue to bear the impact from inbound travel as economic restart around South East Asia will take at least until quarter two of 2020. “Indian High Commissions in South east Asian countries – China, Hong Kong, Taiwan, Macau, Thailand, Singapore, South Korea have restricted visas to travellers coming from these countries. Although India doesn’t have a lot of Chinese travellers but with all these countries included in the travel restriction bracket – the impact on hotel demand could be significant throughout quarter one of 2020,” said Dang.

(Economic Times)