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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 853 |
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Around 50,000 new rooms are expected to come up in these cities by the end of 2009. Each city will have different factors that will drive revenue growth for hotels. For instance, the Commonwealth games in Delhi, IT boom in Hyderabad and Pune would drive the demand for rooms going forward. Of the new rooms, while 53% will be added in the luxury and first class segment, 47% will come up in the mid market segment of which 16% will be budget hotels...
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Around 50,000 new rooms are expected to come up in these cities by the end of 2009. Each city will have different factors that will drive revenue growth for hotels. For instance, the Commonwealth games in Delhi, IT boom in Hyderabad and Pune would drive the demand for rooms going forward. Of the new rooms, while 53% will be added in the luxury and first class segment, 47% will come up in the mid market segment of which 16% will be budget hotels...
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