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More rooms are on the way for hotels in the coming years

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Indian hospitality to get an addition of 55,000 rooms with in next 3 – 4 years that will be under the active participation of domestic as well as overseas interested parties. According to the source reported at www.propertykhazana.com around 94,200 rooms were to get developed at various hospitality sites for the year of 2009 but practically only 60 percent of it has got the actual shape and size. But comparing with the previous reading it has a better prospect in 2007-08 it was only 58 percent completion from the total estimation of 1.15 lakh rooms at different locations of the country.
On a short note with www.propertykhazana.com Manav Thadani of HVS India reveals that, though the country’s economy is injured with scarcity in funds, even though there is prospect of rise in hotel rooms for next couple of years as many initiatives are already in action to decor the hotels across the nation. In addition the aid of govt. in the form of tax exclusion, many major locations are at speedy process to construct their rooms before commencing the most favored commonwealth games mainly in NCR.
MD of Indian Hotels Company states at the www.propertykhazana.com that “Indian hospitality industry is making a huge comeback after a prolong silence, and most importantly its domestic orientations makes it safer during the economic harsh like the other developed nations like UK and US”. Almost similar thoughts were forwarded by MD and vice chairman of Leela Hotels & Resorts. He further states that “there is a huge improvement in occupancies for areas like Bangalore and Gurgaon and for the coming winter the graph may raise more high”. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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