Friday, December 17, 2010

Increase predicted in Indian hotels

India is set to benefit from an increase in hotel rooms over the next three years, claims a new report. According to a study conducted by property consultancy Knight Frank India, the country's hotel market could increase from 74 billion rupees to 119 billion by 2013 as new properties open up and more people take flights to India.

Growing interest in the city of Mumbai is expected to encourage the greatest increase in the market, followed by New Delhi and the surrounding area.

Shreenath Shastry, national director of the hospitality agency at Knight Frank India, explained that the current number of rooms in the National Capital Region (NCR) is just over 11,000 in all budget sectors.

News Reference

1 comment:

  1. It's indeed a good sign for the India economy. Hotel and tourism sector is growing means a huge foreign money is coming to India and it'll surely help to grow India even more. What I can expect from this is the overall growth in the Country. Budget hotels near to the tourist places are in great demand now. The only thing the customers want is the value for money. They asses that whether they are getting the right amount of service according to the money or not.
    Hotels in Konark