There's demand all over but daily rate recovery is slow: Hyatt Hotels Sr VP

In a Q&A, Genevieve Materne says average daily rates (ADRs) may touch pre-Covid only in 2023-24, though lifting of curbs on international flights will offer some traction

Geneviève Materne, senior vice president commercial services, EAME (Europe, Africa, Middle East) & South West Asia at Hyatt Hotels Corporation tells Shally Seth Mohile that India’s hospitality market has bounced back faster. However, the average daily rates (ADRs) are likely to remain depressed in the coming quarters and will touch pre-Covid levels only in 2023-24. They would gather momentum with the resumption of commercial flights for international destinations, later this month. Zurich, Switzerland-based Materne was in Mumbai to connect with her team—first time since she took charge four years ago, and oversee Hyatt’s expansion. Edited excerpts:

If you can touch