- July 7, 2020 / 4 min readAccording to reports, the Maharashtra has allowed hotels and other entities providing accommodation services outside containment zones to resume operations at 33 per cent of their capacity from July 8.
Chief Minister Uddhav Thackeray on Monday announced that hotels, lodges and guest houses can resume operations at one-third of normal operations, following stringent guidelines as per the advisory.
According to reports, the Maharashtra has allowed hotels and other entities providing accommodation services outside containment zones to resume operations at 33 per cent of their capacity from July 8.
"The proposed reopening is welcome but delayed. Initially, around 35 per cent of the industry will shut and by the year-end, it could go up to 50 per cent," said Shivanand D. Shetty, President, Indian Hotel & Restaurant Association.
The industry leaders also mentioned that though hospitality sector accounts for almost 10 per cent to the national gross domestic product (GDP) and 12.50 per cent of jobs, the sector has been completely ignored by the government.
Meanwhile, shares of companies engaged in hospitality business has revived up to 20 per cent on the BSE on Tuesday after the Maharashtra government allowed hotels to reopen from Wednesday.
Kamat Hotels shares were up by 20 per cent at Rs 35.03 on the BSE while Royal Orchid Hotels, Speciality Restaurants, Chalet Hotels, EIH Associated Hotels, and Indian Hotels were up by more than 6 per cent on the BSE.
Westlife Development rose 6 per cent to Rs 340 on the BSE and Jubilant FoodWorks was up 4 per cent to Rs 1,809 on the back of two-fold jump in trading volumes.
Search for top Restaurant Suppliers in your city