The industry report points out that the outlook for the sector improved after a strong vaccination programme, reopening of borders, removal of travel restrictions, and sustained economic growth
investment opportunities
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Experts predict about 30% hotel assets will turn distressed, rich pickings for groups and investors looking to consolidate and invest
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?