'Domestic leisure bound to grow': Mahindra Holidays downplays Omicron fears

Mahindra Holidays & Resorts India Ltd., an operator of subscription vacations, downplayed prospects the omicron coronavirus variant will cause major disruption to India’s tourism industry or the firm’s expansion plans as it eyes a bumper end to the year. 

The company, a unit of the nation’s biggest utility-vehicle maker, has gained from a surge in so-called “revenge” domestic travel following a brutal second wave of infections that brought India’s health system close to collapse earlier this year. Occupancy is back to pre-pandemic levels and will likely hit upwards of 80% this quarter, Chief Executive Officer Kavinder Singh said on Tuesday.