'If the Indian government actually delivers on the infrastructure plans, the hospitality sector would double itself by 2025.'
The data shows the average room rate of two-star hotels increased by 8.5 per cent in FY18, even though it lagged on occupancy at 61.8 per cent, down 1.4 per cent year-on-year
Corporate clients form more than half of the business for most branded hotels, especially in cities.
About Rs 12,000 crore are stuck in India's first hotel district, Delhi's Aerocity, because of red tape.
GVK Skycity's 20-million sq ft commercial space will be bigger than that in BKC; bids invited for first phase.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances