Distressed hotels pin hopes on travel revival

Big chains like Tata group’s Taj, Oberoi and ITC Hotels also have their fingers crossed as they had depleted significant reserves to survive the pandemic and need to replenish the same for future shocks. Taj parent Indian Hotels Company (IHCL) reported a loss of Rs 720 crore in FY21 with revenue falling 62% to Rs1,740 crore.

from Markets-Economic Times https://ift.tt/3y1tHFw