Hotels Industry Booming in India
A booming tourism industry in the country has prompted over a dozen global chains — including the Hilton, Accor, Marriott International, Berggruen Hotels, Cabana Hotels, Premier Travel Inn (PTI) and InterContinental Hotels group — to announce plans to set up over 350 five-star, four-star and budget hotels and 50 villas.
The plans would roughly translate into 65,000 additional hotel rooms — a quantum leap, considering that over the past decade the total number of hotel rooms in all categories has only grown 10 per cent to about 92,000 rooms.
India’s popularity has been surging on the global tourism circuit. Foreign tourist arrivals rose to 4.43 million last year from 3.92 million in 2005. Read more
Related Posts- 17 Hotels Planned for Asia-Pacific Area European hotel operator Accor group plans to open 17 Novotel-chain hotels in the Asia-Pacific over...
- Indian Hotels acquires 10 pct stake in Orient Express Reuters - Indian Hotels Co Ltd acquired a stake of 10 percent in hotel and...
- Lodgian Sells Hotels Lodgian, Inc. , one of the nation's largest independent owners and operators of full-service hotels,...
- Hotel Development Booming in Lower Manhattan LIKE the distant sound of an approaching herd, the rumble of hotel developers coming into...
- Hilton To Sell 10 European Hotels Continuing its efforts to cut back on owned assets and focus on managed and franchised...
- Top Travel Places to Go in 2010 reprinted from New York Times 2. Patagonia Wine Country Ten years ago, a group of...
- Casino to double with $1.2 bil plan Kangwon Land's status as a major Asian casino is threatened by gaming centers across Asia...
- Fishermen Contest Ocean Reserves Plans There does not seem to be anything pacific about the oceans off of Southern California...
- Eminem Makes It Four Weeks In A Row Atop Billboard Korn come in a distant #2 with Korn III — Remember Who You Are.By Gil...
- GTI Asia Taipei Gaming Expo 8 to 10 May 2008 Since 1994, GTI Asia Taipei Expo has expanded itself into an international show throughout these...
