Pandemic Impact Severe On Mumbai's Hotel Industry
Hotel Occupancy Reached Low of 14.5% in April 2020
The second wave of the pandemic caused by the variant of the COVID-19 virus, which was first identified in the United Kingdom has been the most severe in India. As a result, travel and tourism have been halted across the country, and the impact on the hotel industry is immense, especially in major cities such as Mumbai.
The second wave of the pandemic caused by the variant of the COVID-19 virus, which was first identified in the United Kingdom has been the most severe in India. As a result, travel and tourism have been halted across the country, and the impact on the hotel industry is immense, especially in major cities such as Mumbai.
There are approximately 300 hotels in various classes across Mumbai. The majority of the hotels (22.3%) are luxury, followed by upper-midscale at 20.25%, according to the data from STR, CoStar’s hospitality analytics firm. Renaissance Mumbai Convention Centre Hotel is the largest hotel in Mumbai with 600 rooms, followed by JW Marriott Mumbai Sahar with 585 rooms.