Wedding segment likely to reach pre-COVID levels once outbreak recedes: Horwath HTL

According to ‘Hotel Sentiment Survey 2020 (Impact of COVID-19)’ by Horwath HTL, demand in the wedding segment is likely to recover to pre-COVID levels once the outbreak is over. The survey was conducted among the industry to understand the depth of the crisis, the mitigating measures applied to limit the fallout and the areas requiring supportive measures. The assessment reveals that while 64 per cent of the respondents had agreed to the wedding segment’s recovery to aforesaid levels, 27 per cent believe that it may be even better than pre-COVID levels. Less than 10 per cent felt that the segment was unlikely to recover to such levels.