Do any hotels use permanent press sheets

Significantly reduced fixed cost and improved efficiency. This is opportunity to make new normal for cost and organisational structure. To do one job earlier require 10 person, now can done with 4-5 person with help of technology. Long Term Focus: New normal for fixed costД¬ost of 75-76% are fixed which contribute 50% of normal revenue. (Lemon tree ARR reduced by 25% in April.) In short term, it impacts ARR to go down. 2 quarantine business = 1 corporate business. Quarantine business is only foe 4-5 months. Corporate business will take 6-7 months to come back to normal. Marriage income will decrease and going to much smaller in terms of guests like earlier there was 350-500 guests came in wedding but now come to 50-70 guests. Quarantine league, Corporate business and Destination wedding They cut 50% salary of permanent employee, senior management took 66% paycut in salary and most importantly MD took 100% paycut in salary voluntarily. It is necessary to cutting down employees cost to maintain liquidity. One of the largest cost for hotel in WAGE of employees. They drawn down 175 crores, next 125 crores drawn down in next 2 years. (approved by board) they got raising of 300 crores from joint venture.

They are planning to raise money through stock market. It is very important to maintain cash liquidity to operate all daily routine. It is majorly depending on HPL (heat, power and light). They are increasing cost-cutting and resulting into the operational efficiency. Variable cost is 30-40% of revenue now dropped by 9-10%. They have 1.2 million loyalty customers and trying their best to get contact with regular customer and corporates.

Short Term Focus: Looking out for customers

вЂњOur business is high capital intensive business which will impact supply destruction which will be long term impact in industry.вЂќ.

85-90% drops in demand and significant demand destruction will remain for next 2-3 years.

Demand of 1,50,000 rooms shrank up to 50,000 rooms i.e.

Last 3 pandemic happened in this century (Spanish flu (H1N1), Asian flu and one of the dangerous Hong Kong Flu(H2N2))went back to normal within 3 years.

As said by MD of lemon tree hotel, this pandemic will also passed.

70% inventory is shutdown in branded hotels in India compare to last year occupancy of 65%, earlier in this year of 15-20% occupancy.

Hotels have to continue to stress on getting our working capital and getting debtor realize on time. For hotel business, it is very important to maintain liquidity and take action to reduce fixed cost which is pretty high.(as per lemontree concall) Recently see demand from airlines as airlines resumed partially. Once flights stabilize, hotel bookings will pick up from September вЂ“ October.Hotels is closely link how airlines sector go because of major rooms occupancy comes from them. Currently aviation working at very low level operational level. The aviation industry matters to hotel industry.who stays in hotel due to quarantine procedure of government. In this tough times, very few domestic people and international people wants to travel and stay in the hotel despite our covid warriors, vande bharat mission, airlines crew etc.Hospitality & tourismвЂ™s among industry to have large impact. Multiple institutions estimated contraction in IndiaвЂ™s GDP. In Covid19 times, most of industry were badly affected in country.

By looking at concall of various hotel company, we tried to find impact of COVID-19 on hotel industry for long-short term and depict effects of COVID-19 by separate companies below.

Do any hotels use permanent press sheets