'Pay now, check in later': Hotels offer incentives to tide over Covid-19

India's hotel industry may lose Rs 90,000 crore this calendar year, owing to the nationwide lockdown imposed to curb the spread of Covid-19 according to a recent report by HVS and Anarock

Cash-strapped and bruised by the prolonged lockdown, hotels in India are offering guests an option to pay now and stay later. The move, top hoteliers said will be a win-win for both.

India's hotel industry may lose Rs 90,000 crore this calendar year, owing to the nationwide lockdown pressed to curb the spread of Covid-19, according to a recent report by HVS and Anarock.

"Occupancies across hotels in key cities witnessed a sharp decline, as travel restrictions intensified and India went into lockdown towards the end of March," the report said.

The new scheme allows guests to stay at a property