+
2012 brings hope to Indian hospitality sector
ECONOMY & POLICY

2012 brings hope to Indian hospitality sector

The year 2012 brought a ray of hope for the Indian hospitality industry following rise in foreign tourist arrivals and domestic travellers in large numbers. The industry reeled under a downturn for almost two years before. Meanwhile, a slew of leading global hospitality chains announced big plans for India during the year.

Leading the pack was the InterContinental Hotels Group that has set a target of opening 150 hotels across India by 2020. Not to be left behind, US-based Starwood Hotels and Resorts is eyeing managing around 100 hotels in India by 2015. Similarly, the Wyndham Hotel Group is planning to open 35 hotels in India over the next five years.

Among the domestic players, Lalit Suri Hospitality Group announced an investment of nearly Rs 2,200 crore for expansion in luxury and mid-segment hotels in next five years -- both in India and abroad -- as it gears up for global competition. Likewise, the Leela Group made public its intention to set up hotels at Jaipur, Agra and Ashtamudi (Kerala) and Bangalore as part of an ongoing expansion in India.

The year 2012 brought a ray of hope for the Indian hospitality industry following rise in foreign tourist arrivals and domestic travellers in large numbers. The industry reeled under a downturn for almost two years before. Meanwhile, a slew of leading global hospitality chains announced big plans for India during the year. Leading the pack was the InterContinental Hotels Group that has set a target of opening 150 hotels across India by 2020. Not to be left behind, US-based Starwood Hotels and Resorts is eyeing managing around 100 hotels in India by 2015. Similarly, the Wyndham Hotel Group is planning to open 35 hotels in India over the next five years. Among the domestic players, Lalit Suri Hospitality Group announced an investment of nearly Rs 2,200 crore for expansion in luxury and mid-segment hotels in next five years -- both in India and abroad -- as it gears up for global competition. Likewise, the Leela Group made public its intention to set up hotels at Jaipur, Agra and Ashtamudi (Kerala) and Bangalore as part of an ongoing expansion in India.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code