December 31, 2023Business Desk

New Year celebrations boost hotel bookings

As New Year festivities unfold, the hospitality sector is capitalising on the celebratory mood, witnessing a notable uptick in dining and resort bookings despite concerns over a COVID-19 resurgence.

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Several industry insiders have reported encouraging growth figures, with room revenue notably up by 19 per cent compared to the same year-end period previously.

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Pradeep Shetty, President-elect of the FHRAI highlighted that major cities and resort destinations alike are experiencing a surge in bookings, with resort occupancy rates surpassing 80 per cent.

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Furthermore, domestic travel has seen a significant resurgence, propelled by a flurry of weddings and festive engagements.

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