It is true that the on-going pandemic has affected virtually each enterprise enterprise on the earth. And due to this fact, with the clouds of uncertainty looming over heads of businessmen, there’s nothing else for them to do however try to get again on observe.
For occasion, vacation properties like villas and estates are a results of large investments that require a gentle return. With everybody staying residence, the house owners are staring right into a bleak future. “The opening of our homes is going to be a combination of people, process and technology. When I say people, it means getting your people completely aware and sensitised to the fact that we are in very different times,” says Devendra Parulekar, Founder, SaffronStays.
It is similar for the house owners of luxurious units. “Before the nationwide lockdown we accepted 4 bookings a day, but adapting to the new normal we have restricted that to one shoot a day,” says Rajesh Dembla, Founder, Sets In The City, including, “We have seen a 90% decline in our bookings but are hopeful that it will get better by August.”
Sorting out monetary leeway is one other essential step in the direction of restoration. “We controlled our fixed costs, for instance, lease rentals. We spoke to the homeowners and as a first measure, all of them agreed to waive off the lease rentals for the period and also at the same time, expenses were brought down to bare minimum. That ensured that the cash position wouldn’t be impacted,” provides Parulekar.
The upkeep, too, requires large manpower and common checks and vital precautions are essential for his or her security. “We have arranged for accommodation for our team at the premises so they do not travel and interact with other people. We are taking all the precautions as per government guidelines,” provides Dembala.