Tag Archives: Mandeep Singh Lamba

Mandeep Singh Lamba President (South Asia) HVS ANAROCK said, “We expect India-wide occupancy to improve to 66% in 2023 coupled with a 16-17% increase in ARR will push RevPAR to ₹4,690 during the year, almost 18% higher than the pre-pandemic RevPAR recorded in 2019.”

Mandeep Singh Lamba, President (South Asia), HVS ANAROCK, has said, “Our prediction is that we should reach pre-pandemic occupancy level around the 3rd quarter of 2022, and RevPar level at 3rd quarter of 2023. Bounce back will start in the middle of next year. As standards of medical fraternity will rise somewhere in the next year, most of the people will be inoculated and hopefully some vaccine will be there,” he said at a recent webinar.

Mandeep Singh Lamba, President – South Asia, HVS ANAROCK, has said that the hospitality industry would see changes in terms of design and operations after the COVID-19 crisis is over. Speaking at the third TravTalk Digital Conclave, he said, “There are going to be some permanent changes that will happen in the industry, both in terms of operations of the hotels and in terms of design. We need to understand that this is perhaps not the last time we are seeing a disruption of this kind. It’s a reality which can hit us again, and hence we need to be far better prepared the next time. This crisis has stirred the industry into making some serious changes.”