Tag: HAI

he Hotel Association of India (HAI), which represents over 300 hotels across categories, has sought the Reserve Bank of India’s (RBI) support to tide over the financial crisis. The sector is staring at a ₹90,000 crore revenue loss in 2020, due to the coronavirus pandemic. The current debt levels in the organized hospitality sector, which is barely 10% of the total industry, stands at ₹45,000 crore, the association said. RBI had announced relief on loan moratorium on interest and principal repayment for six months till August. “Unfortunately, an immediate term solution will only defer the crisis as what is needed is ... Read more

Hotel Association of India (HAI), the apex body of the hotel industry in India, has said it will wholeheartedly support Jammu & Kashmir’s further development as a tourism destination. At the recently concluded India Global Week, KB Kachru, Vice President, Hotel Association of India and Chairman Emeritus and Principal Advisor South Asia, Radisson Hotel Group called on investors to consider J&K for their new ventures citing good returns based on promising infrastructure and in the Union Territory.  The India Global Week 2020 was recently inaugurated by Prime Minister Narendra Modi and witnessed the presence of several luminaries from across the ... Read more

The Hotel Association of India (HAI) on Monday appointed former Ministry of Tourism secretary, Madan Prasad Bezbaruah, as its secretary general. Bezbaruah succeeds R K Puri, a senior bureaucrat and first Director of Tourism, Railway Board, who was instrumental in the conceptualisation and launch of “Place on Wheels”. The appointment comes in the wake of the hotel industry struggling on account of the pandemic. Puneet Chhatwal, president of HAI and managing director and chief executive of the  Indian Hotels Company Limited said that it is now time to devise ways in which the hotel industry can evolve from the Covid-19 ... Read more