Hotels in India | Trends & Opportunities | HVS

As HVS completes its 11th year of operations in the Indian subcontinent, we consider ourselves fortunate to have been witness to a full cycle of events pertaining to the Indian hospitality sector. In 1996-97 when we first started tracking this market we witnessed a trend that started with a correction of occupancy and then average rates. The subsequent downturn in the industry lasted for a good five to six years before recovery took place...