Hospitality sector poised for significant growth

CHENNAI: Following the boom in the real estate sector, the hotels and hospitality sector appears poised for a major push over the next two to three years. According to some estimates by the Union Tourism Ministry, there can be an up to 80 per cent rise in hotel rooms in the next two years.

Rooms are difficult to come by in New Delhi, Kolkota, Mumbai, Chennai, and Bangalore in particular. There are centres where not many quality or star hotels are available, but industrial and commercial development has already taken place. The hotel chains may be taking their time to develop facilities there.