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More than 25 to 30% of assets are likely to become distressed as the industry struggles with a collective outstanding debt of Rs 50,000 crore and no debt restructuring measures in sight. How will the industry cope?
hotel investors
Posted inBusiness
Hotel investors in Asia pivoting towards debt financing to bolster cash flows: JLL report
The impact of COVID-19 on the hospitality industry across Asia continues to be significant, with many hotels and investors witnessing an unparalleled cash crunch as significantly constrained revenues struggle to offset fixed costs.