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Originally Posted by nehapjain06
Im doing some research on the hotel sector and wanted to know that among the slew of new hotels being announced by hotel companies, how many will ACTUALLY come up over the next 2-3 years. Can anybody provide some real-time information on hotel construction going on currently?
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According to the Hotel and Restaurant Association of North India (HRANI), Delhi has just over 14,000 rooms in the organised sector while the requirement is 40,000 rooms.As per projects in the pipeline, Delhi will see 12,000 more rooms in 40 new hotels (three-stars and above). Still there would be a severe shortfall going by current demand,’’Good five star hotel chains have invested huge and are going to invest in development of more hotels in Dehi-NCR region due to the projected demand during common wealth games in 2010.