The world is now open to travel, and with people so eager to travel, the travel and tourism industry is soaring. The travel industry seems to be slowly getting back on track post-pandemic. A lot has changed in terms of people’s behaviour, taste, and preferences after the COVID-19 pandemic. When it comes to travel, people are opting for homestays, and that is affecting the hotel businesses largely, especially in Goa.
Post-Pandemic Demand For Homestays In Goa
As travel is slowly picking up in the post-pandemic period, the revenue of the hotel business per room saw a 7 per cent rise compared to the pre-pandemic period. However, India’s travel pattern has evolved a lot in the post-pandemic period. This is said because people are preferring options like homestays over hotel rooms.
Goa, India’s most tourist-friendly destination, is seeing a huge demand for homestays, which is affecting the traditional hotel businesses there. The hotel industry has been significantly impacted. The founder of Saffron Stays, Devendra Parulekar, said that the homestay segment has a gross undersupply in an interview with CNBC TV-18.
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No Competition, But Co-Existence
CMD at Lemon Tree Hotels, Patanjali Keswani, said that their business markets in Goa have been affected by homestays. But he also said that on an aggregate level, the impact is nominal. Devendra from Saffron Stays said that he doesn’t look at this as competition but believes in co-existence.
The mainstream hospitality industry has also realised that its portfolio has to be complete. This is why they are spreading their wings and adding homestays and villas to the portfolio. In terms of bookings, it is seen that for the first time, bookings for December have already begun in the month of October.
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News Source: CNBC TV18
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