Indian hotel and resort owners are reportedly turning to real estate consultants to sell properties post-pandemic, as future outlook for the sector continues to look grim.

The issues are based around high overheads, loan interest and fixed costs, and while investors are keeping a “cautious approach and seeking steep discounts on asking price”, many investors are shoing interest at a time when government loans are starting to end.

A survey by JLL showed that only 20% of operators believed that revenues could reach 2019 levels within the next year.

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