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50,000 hotel rooms coming up in next 5 years: C&W

Comments(3) Sub Category:Commercial Real estate,Mumbai,Realty News Posted On: Sep 23, 2012

Real estate consultants Cushman & Wakefield, in its report entitled ‘Indian Hospitality Story 2012 & Beyond’ has mentioned that the top six cities of the country will witness around 50,000 hotel rooms added over the next five years.

The report evaluates the hospitality sector situation in the metros of Mumbai, Delhi, Kolkata, Bangalore, Chennai, and Hyderabad. The report states that 50,000 new hotel rooms will be in response to the steady growth, the hospitality sector has witnessed over the last few years.

Around 14,800 rooms are expected to be added by this year end, of which about 2000 new hotel rooms have already been opened, reflecting strong demand from both foreign as well as domestic tourists.

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