Hospitality

Demand for domestic hotels rises


DELHI
The hotel industry in India is showing signs of a rebound with demand for rooms in tourist towns and leisure locations such as Agra, Jaipur, Goa and Kerala growing last fiscal, helped by a 20% rise in domestic tourist visits, says a new report. 

With the falling rupee making holidays abroad more expensive, Indian tourists are increasingly turning to domestic destinations and with the rupee continuing to depreciate this trend is expected to continue, according to hotel consultancy HVS’ Hotels in India Trends and Opportunities in 2012-13 report, shared exclusively with ET. 

“This shows that the negative sentiments that were breeding in the industry are not really true,” Manav Thadani, chairman of HVS India, said. “Just as the economy hotels too have seen a down cycle and they will soon start seeing positive momentum in the next 12-18 months,” he added.

Full report here Economic Times 

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