37,000 hotel rooms to be added in the next three years in India
According to my estimate, around 37,000 hotel rooms will be added in
the next three years in India. First and foremost, Best Western will
establish 100 hotels and 10,000 rooms under its umbrella in India.
Berggruen Hotels has already announced $100 million investment to set
up 38 hotels in India. Hilton is going to invest $143 million to set up
70 hotels in association with DLF. These are just some of the headlines
that have hit the newspapers in the recent past. There are dozens of
other investors, existing and new, who have announced plans of plunging
into India's booming hospitality industry. In fact, there's so much
money coming in-at least on paper-that investors would be mad to think
that there's room enough for all. The economy's growth rate, at 9.4 per
cent, eventually had to have a cascading effect on investments in the
hospitality sector and it's not just the foreign players but also the
Indian hospitality companies who are getting into high gear.
riathareja
riathareja
|
|
