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Chart of the Day | Hotel room supply to tilt towards midscale economy segment

The pan-India increase in average room rate has gone up in the last two years in US dollar terms, but it is still 50 per cent lower than that of FY2008
Asian Hotels West expects Rs 146 crore revenue in FY12

Sushil Gupta, MD, Asian Hotels West joins CNBC-TV18 to talk about the company’s performance in the fourth quarter and the way ahead. Asian Hotels registered a significant jump in their net profit to Rs 6 crore from the previous quarter’s Rs 3.8 crore.
Indian Hotels to open 16 hotels in the current fiscal

The hospitality major will open 16 new hotels in the current financial year and has plans to open 11 more hotels in the next 2-3 years.

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Average Room Rates

Chart of the Day | Hotel room supply to tilt towards midscale economy segment

Asian Hotels West expects Rs 146 crore revenue in FY12

Indian Hotels to open 16 hotels in the current fiscal