Business

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Title: Business

Essay Details:

Subject: Miscellaneous

Author: Robert S

Date: February 25, 2012

Level: University

Grade:

Length: 1 / 290

Essay text:

While the industry had its vicissitudes in the recent past, the current boom looks like staying on. "The Indian hospitality sector is witnessing one of its rare sustained growth trends," says Ajoy Misra, Senior Vice-President, Sales & Marketing, Indian Hotels, owners of the Taj group, the country's largest hotel company. There is a mismatch between demand and supply, leading to higher occupancies and average room rates. During 2004-5, revenue per available room in hotels across India increased by 29 per cent over the 2001-02 levels. This seems to be is just the beginning, judging by opinions from analysts and industry executives...

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