Marrakech’s luxurious hotels are sharing standing updates after Friday’s devastating earthquake, with many assuring the public that their workers, guests and properties have emerged from the catastrophe unscathed. While the company saw a significant dip in demand for staycations following the height of pandemic years, Sharma expects this section to grow steadily. “Suppose the whole business of staycations rose to 200% for the business in the course of the pandemic, it settled at about 90%, a lot greater than pre-covid numbers of 10%. It won’t go down any further since many of these are lifestyle changes and folks have got used to taking holidays”. Earlier, the corporate filed its IPO papers with Sebi in September 2019 and had obtained the markets regulator’s approval in November 2019, to float the preliminary share sale but the company did not go ahead with the launch.
‘We made the same mistake,’ says a nice woman with a West Midlands accent. This is the name the hotel gives the poolside area and the bit beyond, which is also referred to as the Alboran Sea. They are related by a pair of wooden gates which look capable of withholding a siege of Saracens.
