Impact of West Asia conflict getting mitigated for April-June quarter: Leela CEO

The Indian hospitality sector is increasingly reliant on domestic tourism and business travel. Geopolitical events can cause short-term disruptions, but underlying demand remains strong.

• •Leela Palaces, Hotels and Resorts is seeing cancellations due to West Asia conflict.
• •Company expects bookings to recover, driven by domestic travel for meetings and celebrations.
• •New projects in Dubai and India are on track.
• •Risk flag: Prolonged geopolitical instability
• •Risk flag: Economic slowdown impacting discretionary spending