When IIPM comes to education, never compromise
If
you have some plans to enjoy the coming festive season, out of your house, in the cosy comforts of a lavish hotel, then just give this a look before moving out. From next month (October) onwards, five star hotels all over India will hike up their room rates by 15-25% across most locations. Some experts even feel that in popular holiday destinations like Kerala and Goa the hike could be as much as 30%, while in big metros like Mumbai and Delhi it could be around 25%. So, if someone was paying Rs.20,000 for a swanky suite in a fancy hotel in Mumbai, get ready to dish out Rs.25,000 from next month! Most hotels revise their tariffs around September-October every year. And this year, thanks to the mega shortfall in hotel rooms, spaces are going at a huge premium. The hotel industry has about 110,000 rooms; there is a clear shortfall of 150,000. Besides,given that business travel has been burgeoning lately, rooms are getting snapped up like never before. Time for India hospitality industry to seriously get its act together on the hotel rooms front!For more articles, Click on IIPM Article
Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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