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Business

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Issue:

Miscellaneous

 

Written by:

Janet D

 

Date added:

October 4, 2012

 

Level:

University

 

Grade:

B

 

No of pages / words:

2 / 290

 

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9877 times

 

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While the industry had its vicissitudes in the recent past, the current boom looks like staying on. "The Indian hospitality sector is witnessing one of its rare sustained growth trends," says Ajoy Misra, Senior Vice-President, Sales & Marketing, Indian Hotels, owners of the Taj group, the country's largest hotel company...
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During 2004-5, revenue per available room in hotels across India increased by 29 per cent over the 2001-02 levels. This seems to be is just the beginning, judging by opinions from analysts and industry executives. Predicts Sudhir K Nair, Head of Research at CRIS INFAC, a prominent research consultancy firm, "Demand will outpace supply in the short to medium term, and ARRs are expected to increase by 13 to 14 per cent annually over the next two years...
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