Oversupply, Under Occupancy Will Sink Indian Hotel Profits
Published by Irhal
Crysil, one of India’s leading research firms reported that the demand for premium segment rooms is expected to fall by 11% in 2008-2009 compared to the prior year, while the inventory of these rooms is expected to grow at a compound annual growth rate (CAGR) of nine per cent from 2007-2008 through 2011-2012 across 12 major cities. Overall, occupancy rates are expected to fall 62%, which would be the lowest…
The 12 major destinations included in Crysal’s research are Agra, Ahmedabad, Bangalore, Chennai, Goa, Hyderabad, Jaipur, Kerala, Kokata, Mumbai, NCR, and Prune.
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