Startups fuel hotel biz in Koramangala, Bengaluru


Grand Mercure, an upmarket hotel located in Koramangala marks a modest growth even when India Ratings & Research (Ind-Ra) report predicts that Hotel industry continues to face a muted revenue growth, stagnated profitability and elevated credit risk in FY15, driven by lower demand growth and supply-side pressures. Speaking about the hotel industry trends and its scope in Koramangala, Tejus Jose, GM of Grand Mercure, tells ET how Koramangala is faring in ongoing sluggish hotel industry.

Tell us something about your venture Grand Mercure.

Grand Mercure is an upscale hotel brand of Accor, and Grand Mercure Bangalore is a unique offering of the brand which offers an all suite experience to its guests. It opened its doors in January 2009 in Koramangala. At our hotel, we have guests who stay for short durations or transient stays as we call them as well as extended or long stays. While at this point it is one of its kind in India. Accor is aggressively pur ..

Read more at Economic Times


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