The IRMA Community
Newsletters
Research IRM
Click a keyword to search titles using our InfoSci-OnDemand powered search:
|
Responding to the Pandemic: A Case of the Indian Hotel Industry
Author(s): Bhavna Sharma (JIMS Engineering Management Technical Campus, India), Ankur Budhiraja (JIMS Engineering Management Technical Campus, India), Shalini Singh (CHRIST University (Deemed), India)and Renu Bala (Mukhtiar Singh Memorial Degree College, Fatehabad, India)
Copyright: 2022
Pages: 18
EISBN13: 9781668470725
Purchase
View Sample PDF
Abstract
The chapter presents a case study on how Indian hotel industry was affected by COVID-19. Three hotels—Lemon Tree, Oyo Rooms, and Taj Hotels—were selected to elaborate. The study found that the hotel industry developed various policies to keep running their hotels during the pandemic. Lemon Tree joined various hospitals to provide rooms to COVID patients, provided free food and face masks to individuals. Oyo Rooms gave employee stock ownership plans of Rs 130 crore to its COVID-hit employees. Taj Hotels did not cut down the salaries of their employees and reduced its seating capacity by 50%. The study concluded that as the hospitality sector battled hard to continue during the pandemic, modernization would become an imperative tool in the post-COVID period to beat obstructions and spotlight advancement. So, the companies should minimize fixed costs and maximize variable costs. They should preferably have liquid cash available that could enable them to mitigate the risk.
Related Content
|
A. B. Mishra, Simran Devendra Dodke.
© 2024.
12 pages.
|
|
Poshan Yu, Haiyue Gu, Yue Zhao, Aashrika Ahuja.
© 2022.
28 pages.
|
|
Eric Viardot.
© 2014.
27 pages.
|
|
Mary Grammatikou, Nadia Sansone, Dimitris Pantazatos, Donatella Cesareni, Vasilis Maglaris.
© 2021.
24 pages.
|
|
Zeyad Waleed Abualhamael.
© 2021.
20 pages.
|
|
|