Hyatt Regency Mumbai Shuts As No Funds For Salaries
The Hyatt Regency, one of Mumbai's best known 5-star hotels, is set to shut down "until further notice".
The hotel industry had taken a major hit across the country since the pandemic reached India in January 2020. There were travel bans and the tourism sector slump and business slowdown. With last year’s nationwide lockdown the hospitality industry was struggling. Just when tourism and hospitality was beginning to improve again, the second Covid wave struck early this year. It did not only affect the small hotel and restaurants, even bigger 5 star hotels have been affected equally. On 7th June The Hyatt Regency, which is one of Mumbai's best known 5-star hotels announced that it is set to shut down "until further notice". The hotel, located close to the Mumbai airport, is owned by Asian Hotels (West) Ltd. The property's authorities have said they have no money to pay salaries. In a short statement released on Monday 7th June, the hotel General Manager Hardeep Marwah said the parent firm had not sent money for operations. "This is to inform all the on-roll staff of the hotel that no funds are forthcoming from Asian Hotels (West) Ltd, the owner of Hyatt Regency Mumbai, to enable payment of salaries or to support the operations of the hotel.” He added, “As a consequence, the decision has been taken to temporarily suspend all operations with immediate effect. The hotel will remain closed until further notice."
