Adlabs Entertainment is in focus as the holiday season is well and truly upon us. In an interview to CNBC-TV18, Mayuresh Kore, CFO of the company discussed about how the demand outlook is looking like.
More than focusing on profits, Adlabs Entertainment would look to increase the footfalls, says Chairman Manmohan Shetty, Chairman.
The special township will be built on 88 acres of the surplus land for which the company will tie up with developers, says Kapil Bagla, CEO of Adlabs Entertainment.
The expected revenue from the snow park will be around Rs 15-18 crore, and it will contribute about 25 percent to the total business, says Kapil Bagla, CEO of Adlabs Entertainment.
Kapil Bagla, CEO of Adlabs Entertainment says its Novotal projectâ€”theme park, along with the hotel is doing better than expected and has seen 74 percent occupancy in first two months.
The company will be opening a resort with Novotel, a brand of French hospitality major Accor Hotels near its Imagica theme-based park.