Hotels see green shoots of recovery as the fear of the pandemic recedes

But recovery in average daily rates remains some distance away

The mood at the Hotel Investment Conference South Asia (HICSA),  the annual hospitality industry conference was rather upbeat.  But hotel brand operators and owners remain cautiously optimistic of the  outlook and are living on  a  hope that a third wave of the pandemic doesnt become a reality. Having just survived the unprecedented zero revenue situation,  the two day confrence organised by consulting firm Hotelivate, was dotted with anecdotes and best practices  adopted by the hotels of all hues.

 It's the first in person large format event since the outbreak of the pandemic signalling that hotels are ready to get back