There is good news for all those in hotel industry; the industry is picking up its phase again on full swing with heavy rise in room occupation. According to the source of www.propertykhazana.com the result of the last fiscal has shown tremendous excel for the hotel industry in the country where the profit margin has almost touched 100 percent house with 50 percent rise in the room allotments to the visitors around the major locations of the country as compared to the records of the last financial readings.
It is a better sign after the Mumbai attack and other financial meltdown issues which led to a dead lock to the industry mainly at the major spots of the nation. Comparing the last and present financial status of the economic quarters it is clear that the hospitality is back on its track where the Indian Hotel group has announced its net profit with Rs 421 crore which rose from just Rs 64 crore. As per the source of www.propertykhazana.com it was noted that the occupancy has hiked up to 73 percent against 54 percent for the third and for the first it was recorded with just 50 percent.
Apart from this the commonwealth games is sure to provide another boost to the industry for the next financial term. Most importantly it is predicted by the experts that not only the leaders but even the smaller segments of the industry will be benefited from the coming sports event at the capital city. For more and latest realty updates visit www.propertykhazana.com.
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