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IPL shifting blows affect on hospitality

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The last blow to the already dooming hospitality industry has come in the form of IPL. According to the source of www.propertykhazana.com the venues of the cricket carnival – IPL has been shifted to some other overseas locations and hence has end up the opportunity to strengthen the balance sheet of the hospitality groups of the country.
According to the sources of www.propertykhazana.com the IPL event was to be held at 12 Indian major locations with 59 matches with 45 days full cricket package. Each city was avail with 2 to 7 match drawing a huge crowd to the respective cities. Usually it would carry around 200 crew members including the players to for each match at different locations of the country and assures a huge benefit for the hospitality industry.
Ketaki Narain – group director of Oberoi hotels states that “this year the entire groups of hotels were expecting the IPL as their last trump card to encourage the industry but it was all in vain with change in location”.
Source of www.propertykhazana.com says that, along with the other big name in the hospitality Oberoi has also gone down to approximately 65 percent in occupancy as compared to 90 per cent last year. On the other hand CEO of ITC has revealed that “the BCCI’s decision has not only affected the hospitality industry but also made similar impacts on other associate business too”.
Source: NBTVLIVE

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