Friday 11 February 2011

Hotel Industry Occupancy to Rise amidst Corporate Demand and Upcoming Cricket World Cup

Marriott International expects occupancy across properties in India to be over 80 per cent compared with mid-70 per cent levels a year ago, as demand for rooms rise on higher corporate demand and the World Cup.
“February is a very strong month for the hotel industry predominantly driven by strong corporate demand. On top of that we have generally seen some good demand coming through from sports activities like the World Cup,” said Rajeev Menon, area vice-president of India, Malaysia and Maldives. “In Ahmedabad, our hotel is going to be the main hotel for that city. So, obviously, the demand is very strong,” he said, referring to its ‘Courtyard’ property in Gujarat capital.
Marriott also has hotels in several other Indian cities including Mumbai, Gurgaon and Bangalore. The cricket World Cup begins on February 19 and venues include Ahemdabad, Delhi, Mumbai, Kolkata and Bangalore.
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