Hotel rates in India are anticipated to rise by 7-10% in 2024, regardless of uncertainties surrounding occasions like the overall election. Industry executives predict that virtually all new supply might be absorbed, and and key business markets similar to Delhi and Mumbai and leisure markets similar to Kashmir may see upto 15% enhance in hotel room charges this 12 months. The firm said this strategic growth is a ‘pivotal milestone’ in Udman Hotels’ Pan-India progress initiative and that the corporate has a imaginative and prescient to set new requirements Hotels News in the sector via its four star properties. The company mentioned the property is ready to start operations on March 1, this year, and is ‘nicely positioned’ for easy accessibility. Last yr, the BSE-listed co had launched 1,375 new rooms throughout 14 hotels, including India’s largest hotel – the 669-room Aurika Mumbai Skycity. With the state Congress regime’s second budget slated for Friday, hotels and eating places are pressing the government for the trade standing and easing out licensing challenges.
- After two decades, it’s secure to say that Dubai’s iconic Burj Al Arab is certainly a blinding icon of Arabian luxury, however actually not a seven-star hotel.
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- Check out this slideshow to read a few of the biggest stories of the year, and make sure to click the hyperlinks offered to learn the complete tales.
- Promoters held 38.12 per cent stake in the firm as of 31-Dec-2023, whereas FII and DII possession stood at 23.28 per cent and 17.16 per cent, respectively.
- Hotel room bookings in several hotels with star rankings increased throughout Eid holiday.