Indian Hotels Company looking at good Q3 despite Omicron (variant of COVID-19) uncertainty, Puneet Chhatwal, MD & CEO, told CNBC-TV18.

He further said that corporate and events are still at 70-75 percent but the restaurant business is back to 100 percent of pre-COVID levels and also domestic leisure is 150 percent versus pre-COVID levels.

Also Read: COVID-19: Hotel, travel stocks fall amid fear of restrictions due to Omicron

However, said Chhatwal, cancellations increasing over the last 2 weeks due to Omicron.

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Talking about business, he said that the company will use the fundraise of Rs 4,000 crore for both debt repayment and expansion.

For the entire management interview, watch the video