The Indian hospitality industry is the future of Indian economy. There has been a sea change in the working of this industry. Royal Orchid group of hotels, which has got four properties in the IT city, witnessed the major decline alike other hotel stocks. In the previous year, the stock was comparatively better at the Dalal Street. According to the website www.propertykhazana.com the stock closed at 80% since the beginning of current year against the 70% appreciation of the Sensex.
There are various aspects, which include the stimulation of the business and travels, and there has been many concerns regarding the security related issues. Due to the holiday season, the occupancy has risen. According to the sources saying at www.propertykhazana.com the Royal Orchid Hotels have been completely influence by the developments. In the month of January, the occupancy level fell to 35%. However, during the month of November it improved to 75 percent. The average room rate jumped from INR 3,500 per night to INR 5,000 levels. The company seems to be stepping up the ante for investment.
Royal Orchid has set up its hotel in Bengaluru, Goa, Mysore, and Pune. It has bold plans to set up five-star hotels in Jaipur and Hyderabad. The company having Indian presence, the chances of risk factor is always low. For further updates, please refer to the website www.propertykhazana.com.
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