A study on the impact of COVID-19 pandemic on Indian hotel Industry

In this paper we are discussing pandemic impact of COVID-19 on the budget of Hotel Sector in Indian Industry. Travel restrictions due to COVID-19 affect the hospitality, travel and tourism sectors in India and around the world. To mitigate the impact of the epidemic on the hospitality sector in India, Hotel conducted an in-depth survey with other domestic operators. The impact of the COVID -19 epidemics and the ensuing lockdown in the March quarter (Q1) of calendar 2020 released on Thursday has severely affected the Indian hotel and hospitality sector. The industry's key performance parameters, revenue per available room (RevPar), declined 18.5% in Q1. Hotels across the country have now been closed for the past five month and have to bear the rising fixed costs with essentially zero revenue. The Indian hotel sector departed smoothly in January 2019 after a record year in January 2019, with the 2020 target being "even bigger". The country first began to feel the effects of the global COVID-19 upheaval in late February 2020, which worsened in early March. There has been a sharp decline in hotel business in major cities and by our estimates there has been a decline of 45 percent over the previous year. In such a short time, such a decline has never seen the decline of the sector.