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Hotel expansion plans get bruised with the new twist of economy

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The most awaited plans to enhance the hospitality units across the country have to be in halt due to varied fluctuation in the economy. According to a recent source of www.propertykhazana.com, around 600 hospitality campus were planned for the coming year and the year ahead but now it all been shut down to half of its number. Apart from this a total of around 150 blueprints of hotels have been completely laid down and another section of 150 hotels with 18000 rooms is on sale.
MD of Hospitality consulting firm – HVS international has revealed at the www.propertykhazana.com that “due to the high rise of the realty gesture has made to close the 150 hotel construction at the starting and another 150 which are at various levels of construction is hard to get complete with lucrative measures”. Source of www.propertykhazana.com also reveals that now slowly and gradually all the new members in the hotel business are taking an exit road who have come for quick cash and is now hampering their core business with the new twist of the economy. For more and latest realty updates visit www.propertykhazana.com.
Source: NBTVLIVE

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