‘What started off as revenge travel is now showing signs of sustainable demand for the future’
The travel industry went through its worst in the previous two years due to the pandemic. However, things are bouncing back with domestic destinations leading the way. Corporate travel is up too, says Anil Chadha, Divisional Chief Executive, ITC Hotels. While, average room rates improved over the previous year, they remain below pre-pandemic levels, ITC had said post its Q4 FY22 results. In an interview with BusinessLine, Chadha spoke about the recovery trends, new opening and the way forward. Excerpts:
What recovery trends do you see?
Recovery trends across the board (for travel industry) has been extremely encouraging, and is improving month-on-month. Increase in mobility has led to travel picking up significantly (with) April and May being good for industry.
And segment-wise recovery…
Leisure travel kicked off last year, with ‘revenge travel’, and over the past couple of…