Sarovar anticipates 12-15% decline in ‘Revenue per available room’ for 2020

Calculating the risk of COVID-19 on the Indian hospitality sector, Ajay Bakaya, Managing Director, Sarovar Hotels, says, “We were sailing till February just fine but as soon as this pandemic broke irrevocably, our industry was the first one to get hit. For March, the RevPAR of Sarovar has gone down by 50%, April will decline by 100% and for the calendar year 2020, we are anticipating a dip of at least 12-15%. This of course is subject to change according to how situation folds itself in the coming months.”