Key Points
Kaushalya Logistics is venturing into hospitality by building a 200-room Holiday Inn hotel on Delhi-Mumbai highway in Udaipur..
Consequently, substantial capital investments are flowing into the hospitality industry as there is a growing belief in the potential for hotel development." Deepak Jain, founder of MayFair Consultants, has told ET that many business houses are actively exploring investments in the hospitality sector considering the growth potential..
We have noticed a lot of diversification in the tier two and three markets where business owners want to diversify, he said.. Kiran Andicot, regional vice president of South Asia for hotel development at Marriott International has told ET that there has been an increase in corporate groups diversifying into hospitality..
There is no reason why over the next two years we don't get to see India reaching that level," Nihat Ercan, chief executive officer, APAC (Asia Pacific) at JLL Hotels & Hospitality Group, told ET last month..
Performance wise, we have probably had the sharpest V-shaped recovery in Asia and we continue to grow," Jaideep Dang, managing director, Hotels and Hospitality Group at JLL India, had told ET..
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