The industry has seen its RevPAR increase in the first two months of Q3FY20 led by higher occupancy with a marginal fall in ARRs. Various government announcements have augured positively for the sector, namely, reduction in visa charges (that led to growth revival in FTA) and reduction in GST rates for hotels (that led to strong growth in the leisure segment), among others. The industry is said to have seen low demand in December, January owing to unrest in the country followed by the outbreak of the coronavirus, which would adversely impact tourism, FTAs. Looking at the longer term picture,...