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    High airfares delaying recovery in hospitality sector: ixigo

    High air fares, because of a rise in oil prices led by geo-political tension, has delayed the recovery of the hospitality sector; while benefits of international flight resumption should be visible in the current fiscal, the IPO-bound online travel agency, ‘ixigo’ said in its annual report for FY22. Traveller confidence has improved and there is a jump in pent-up demand. “At the end of FY22, though train reserved demand in the country had already surpassed pre-Covid levels, daily flight passengers, as well as bus passengers, still hadn’t fully recovered. International flight schedules have resumed and we expect that international flights will commence recovering in FY23, though the Russia-Ukraine situation has…