Hotel charges in India are anticipated to rise by 7-10% in 2024, regardless of uncertainties surrounding occasions like the overall election. Industry executives predict that the majority new supply shall be absorbed, and and key business markets such as Delhi and Mumbai and leisure markets similar to Kashmir could see upto 15% increase in hotel room charges this yr. The firm said this strategic expansion 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 within the sector through its 4 star properties. The company mentioned the property is set to begin operations on March 1, this 12 months, and is ‘properly positioned’ for easy accessibility. Last 12 months, the BSE-listed co had launched 1,375 new rooms across 14 hotels, together with India’s biggest hotel – the 669-room Aurika Mumbai Skycity. With the state Congress regime’s second finances slated for Friday, hotels and eating places are pressing the federal government for the industry status and easing out licensing challenges.
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- Among listed Tata Group firms, Tata Motors and Tata Chemicals personal a 3% stake each in Tata Sons, whereas Tata Power owns a 2% stake and Indian Hotels owns 1% in the holding firm.
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