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Hotel business to stay sluggish in 2015 despite 10% increase in demand of hotel rooms

14 january 2015
Hoteliers in India are bracing up for a slightly better but tough year as they expect only a slight improvement in room demand from sub-60% occupancy levels across major cities in 2014. 
 
"The industry is seeing a 10% improvement in demand for hotel rooms and that obviously doesn't really look as positive as the pre-2009 time for hospitality," said Patu Keswani, chairman and managing director at mid-market chain Lemon Tree Hotels. 
 
"Rates will improve this year, but growth will be subdued till October 2017. That is when the hospitality industry will be buoyant again." 
 
Source: economictimes.indiatimes.com

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