Royal Orchid plans to start 5-6 new hotels before March 2017

Hotel chain Royal Orchid Hotels currently operates 37 hotels. In an interview with CNBC-TV18, Amit Jaiswal, Chief Financial Officer, Royal Orchid Hotels, says the company is going to add 5-6 more hotels before March 2017. He is confident that the company will reach 50 hotels very soon.The average revenue per room (ARR) has risen by 5 percent year-on-year in the second quarter of current fiscal. Jaiswal is confident that the ARR will keep climbing up every quarter.The company has positive growth prospects going forward and Jaiswal is especially excited about FY18.For entire interview, watch accompanying video...