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Video 9 July 2020

In-House Dining The New Reality | Puneet Chhatwal To ET NOW

Business for IHCL will bounce back faster- will take 60-90 days after unlocking. Steps being taken in the UK to promote hotel business are important for the company. Hotels in Mumbai have been housing essential services and repatriation customers. Staying operational through quarantine has been helpful for the company. 12.5% direct or indirect jobs created by the tourism industry, contributes to the GDP of the country. Optimistic that the tourism sector will get support from the govt. Planned to open one hotel a month to have a 50-50 mix of owned and fee-based business. Will adopt effective asset management as part of reset initiative. No reason that in the second half by Oct-March we will not bounce back and have cash generation says Puneet Chhatwal, MD & CEO, IHCL. Watch!Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► Now To Our Network Channels :-Times Now : NewsHour Debate : Stay Updated Download the Times Now App :-Android Google Play : App Store : Media Links :-Twitter - - - -

Puneet Chhatwal

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