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KAUSHIK VARADHARAJAN
Hotel industry becomes a casualty of slowing economy; check-in rates fallHotel occupancies had reached a high of 71.5% in 2005-06 growing from 64.8% in 2003-04. Average room rates peaked at Rs 7,989 in 2007-08. I...- BPTP ropes in Fairmont to run upcoming hotel in NoidaThe fivestar Fairmont hotel will have 175 rooms and 100 Fairmont residences. This is Fairmont’s second hotel in the country after the one i...
- Hoteliers say business looking up, 10% rise in bookings expectedHoteliers say corporate business in looking up on the back of reforms initiated by the government in recent months and bookings are expecte...
- Peak season hotel rates drop 5-20% in top cities on fresh supply of roomsRoom rates for hotels in Delhi, Mumbai, Bengaluru, Chennai and Hyderabad this winter season are 5-20% less than last year.
- Arab Spring: Occupancy at hotels in Goa, Kerala beaches up 20% as international tourists seek safer destinationsThe Arab Spring has had a pleasant impact on the Indian winter. Beaches in Goa and Kerala are overflowing with tourists.
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