Hospitality demand likely to grow at 8-10% by 2011: C&W
The Economic Times - Property, February 1, 2009, page 9
New Delhi: Despite the current economic slowdown, the CAGR for hotel room demand in India in the organised sector for five-star deluxe, five-star, four-star and three-star categories is expected to be in the range of 8-10% per annum from 2008 to 2011, while the average supply CAGR is estimated to be approximately 22% per annum over the same period according to global property consultants, Cushman & Wakefield. In their latest report The Voyage, 11 key hospitality markets in India have been assessed to reveal that NCR (20%), Mumbai (15%) and Bangalore (14%) are expected to witness the highest compounded annual growth in demand from 2008 -2011.
The Economic Times - Property, February 1, 2009, page 9
New Delhi: Despite the current economic slowdown, the CAGR for hotel room demand in India in the organised sector for five-star deluxe, five-star, four-star and three-star categories is expected to be in the range of 8-10% per annum from 2008 to 2011, while the average supply CAGR is estimated to be approximately 22% per annum over the same period according to global property consultants, Cushman & Wakefield. In their latest report The Voyage, 11 key hospitality markets in India have been assessed to reveal that NCR (20%), Mumbai (15%) and Bangalore (14%) are expected to witness the highest compounded annual growth in demand from 2008 -2011.
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