Hotels depend on food and beverage revenue to the extent of 40-50 percent, while rooms account for 25-30 percent of revenue and the balance comes from meetings, incentives conferences and exhibitions (MICE) and other events. The lockdown takes away the bulk of the revenue, especially corporate business, as office parties and celebratory events are usually held on weekends.Weekend parties gone, weddings postponed, Maharashtra hotels prepare for the lockdown
Hotels depend on food and beverage revenue to the extent of 40-50 percent, while rooms account for 25-30 percent of revenue and the balance comes from meetings, incentives conferences and exhibitions (MICE) and other events. The lockdown takes away the bulk of the revenue, especially corporate business, as office parties and celebratory events are usually held on weekends.
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