The push by Marriott International Inc., the world’s biggest hotel group and Ritz-Carlton owner, into luxury cruising is part of a new wave of high-end operators targeting the wealthy.
Chhatwal said the margins achieved in the third quarter were both “maintainable and improvable.”
Indian Hotels and Lemon Tree Hotels are the top picks in the sector, given their brand loyalty, robust pipeline, and improving debt-to-equity ratio
OYO currently has about 1,800 premium hotels in India. The move is aimed at capitalising on the surge in business travel by increasing its footprints across all the major business cities.