Fabhotels - Latest News Update, Information, Photos & Videos on Fabhotels at Lokmat Times

Around 80 per cent of corporate industry leaders expect business travel to get back to pre-COVID levels in their organisation within 6 months, according to a survey by FabHotels.A statement by FabHotels said that 58 per cent of the corporate chiefs expect budget per trip to reduce by 15 per cent or more."The survey found that 58 per cent of corporates expect reduction of 15 per cent or more in travel budget, 19 per cent expect a reduction of less than 15 per cent, while 24 per cent corporates expect travel budgets to remain same post the lockdown is lifted," it said.While one-third of respondents said they would not move employees to lower-tier hotels to save expenses, other two-thirds said they are expected to make this transition to reduce their travel budgets.This survey covered companies across sectors ranging from IT, pharmaceuticals to FMCG and involved around 500 corporate leaders.It showed that as expected, hygiene and sanitisation at the hotels is going to become extremely critical in the decision-making process of corporates. Around 93 per cent of respondents said they are likely to switch from unbranded to branded hotels post lockdown for better hygiene and sanitization requirements for their employees.( With inputs from IANS )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

FabhotelsFOLLOW

Fabhotels, Latest News

Business :Business travel may revive in 6 months, but budget to decline: Survey

Around 93 per cent of respondents said they are likely to switch from unbranded to branded hotels post lockdown for better hygiene and sanitization requirements for their employees. ...