Marriott International, the largest US hotel chain, has raised average room rentals by 5-10% in India for 2011 and expects an increase of 10-12% in revenue per available room for its Indian properties this year, a senior official said on Thursday.
It plans to add 6 properties in 2011 to its existing 12 in India -- under management contract - taking the tally to 18, Rajeev Menon, area vice president for India, Malaysia and Maldives, told reporters on the sidelines of a forum on hotel investment in India.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
