The project is designed to meet the growing demand for premium commercial infrastructure and hospitality in Chennai’s IT and innovation hub.
A strong balance sheet and cash flow generation over the next two years would enable EIHL to undertake planned expansion.
According to Hotelivate’s Trends and Opportunity Report, demand is expected to grow at a CAGR of 9.7 percent through FY28, whereas supply will grow at a slower pace.
While several American X users blamed Indians for 'stealing' jobs, Indians pushed back. The controversy comes as US records a shrinking international labour force amid a growing anti-immigrant sentiment.
Digital creator Tyler Oliveira insisted his travel was not low-budget. 'The 5-star hotels were about $100 (about Rs 8,600) a night. It was budget travel relative to American standards,' he said.