Buoyed by business in May, the hospitality sector is anticipating an increase in business in the coming months, driven by a mix of leisure, corporate and weddings.
The state’s commercial capital has seen an encouraging upturn in business bookings followed by a rush of leisure travelers eager to break the pandemic-related lockdown.
“The revival is super encouraging in the hotel sector. Room occupancy has risen sharply because weddings and leisure travel are keeping demand high in the city,” said Sumit Suri, Chairman of the Federation of Hotel and Restaurant Associations of India, Madhya Pradesh.
Most hoteliers said they expect new fiscal year business to outpace fiscal 2019 growth amid strong demand and guest bookings. “The new taxation has generated good confidence among hoteliers in the city of Indore. Notable SEZs in nearby industrial areas offer large-scale city-wide business conferences, events, and leisure travel. A good 10% of business travelers also take advantage of Indore’s proximity to Ujjain with a quick trip to Mahakal Temple. Covid restrictions had made life monotonous for people in general and their revenge journey should take hoteliers in Indore by surprise,” said the general manager of a posh hotel in Vijay Nagar Ashoo Bhatnaggar. The wedding industry in Indore, which is pegged at Rs 125 crore, is smashing all previous business records amid high number of muhurats till the first week of July this season, industry experts have said. industry. “Weddings have gotten off to a very good start and a strong recovery is expected this business travel season. There has been an encouraging increase in room occupancy, as well as weddings and leisure travel,” said the manager of a chic hotel, Amit Gosain.