Advanced International Journal for Research

E-ISSN: 3048-7641   •   Impact Factor: 9.11

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Volume 7 Issue 3
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A Study on Financial Management of the Nagpur based Hotel Industry in the Post Pandemic Era.

Author(s) Kamalnath Eknathrao Kamble
Country India
Abstract The study explores how hotels in Nagpur have managed and adapted their financial practices following the economic disruptions caused by COVID-19. The pandemic significantly affected hotel operations, resulting in reduced revenues, liquidity challenges, and operational inefficiencies. This research analyzes how hotels have restructured financial management through revenue diversification, cost control, and investment decisions to achieve sustainability and recovery. Using ANOVA and correlation tests on data from 60 hotels, the study identifies significant differences in financial management practices across 3-star, 4-star, and 5-star categories. The results show that efficient cost control and innovative revenue recovery strategies have played a vital role in enhancing financial performance and resilience in the post-pandemic phase. The study further reveals that technological adoption, digital revenue channels, and flexible budgeting have become central to modern financial practices. Financial management is no longer confined to routine accounting but extends to strategic planning, risk mitigation, and investment in digital capabilities. The findings highlight that while higher-category hotels exhibit stronger financial planning and structured systems, mid-scale establishments are progressively adapting to data-driven financial models. Overall, the research provides a comprehensive understanding of how the Nagpur hotel industry has navigated recovery through strategic financial decisions, emphasizing the importance of adaptability and sustainability in the evolving hospitality landscape.
Keywords Financial Management, Cost Control, Revenue Recovery, Hotel Industry, Post-Pandemic Era.
Published In Volume 7, Issue 2, March-April 2026
Published On 2026-04-21
DOI https://doi.org/10.63363/aijfr.2026.v07i02.5169
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