Opinion

Indian hospitality market waiting to explode (Beijing has more hotels than the whole of India) - Asset light model the way forward
Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
International chains are expanding faster than their Indian counterparts primarily because they only manage hotels. Large Indian hotel groups like Taj, Oberoi, ITC and The Leela- all had, for years, been focused on owning and operating their hotels. It is only in the recent times that Indian chains have started looking towards management contracts as a serious growth model, while international brands have been doing this globally since decades and in India, for at least a decade. Actually Indian hotel chains were forced to turn asset-light and realise the need to expand through management contracts, thanks to increasingly higher cost of land and growing levels of debt... Read On

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