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Hospitality is the most vibrant segment for quality investment and returns for next 20+ years. But is it really possible to own Taj Group, or Leela, Le Meridian? How many of us can own such a brand? None, because these worth billion. But you can co-own a prime or branded property and get guaranteed return on investment. Palacewood Ventures is a Hospitality Venture forum which co-own, manage, lease, sale, invest in branded and prime hospitality properties, invites individual to co-own and share the success. Our motto is secured hospitality investment and generating guaranteed revenue models for co-owners. What you are waiting for Register with us and participate in upcomming ventures. |
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Growth of The Hotel Industry In India |
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Over the last decade and half the mad rush to India for business opportunities has intensified and elevated room rates and occupancy levels in India. The successful growth story of 'Hotel Industry in India' seconds only to China in Asia Pacific. The Hotel Industry is inextricably linked to the tourism industry and the growth in the Indian tourism industry has fueled the growth of Indian hotel industry. The thriving economy and increased business opportunities in India have acted as a boon for Indian hotel industry.
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Hyatt to set up 120 hotels in India in 10 yrs |
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Hospitality company Hyatt Hotels today said it will set up more than 120 properties in India over the next decade as it undertakes extensive expansion in one of the "greatest hotel markets". Hyatt, which has been present in India for the past three decades, will expand into 15 new markets including Bangalore, Chennai, Hyderabad and Pune over the next five years, it said in a statement.
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Hyatt, Starwood eye Indian hotel market |
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Hyatt Hotels Corp and Starwood Hotels & Resorts both unveiled hotel development plans for the Indian market on Tuesday, describing the country as one with rich potential for growth. Hyatt, which already has five hotels in India, will open three new hotels this year: Hyatt Regency Pune, Hyatt Regency Chennai and Grand Hyatt Goa.
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As per the Travel and Tourism Competitiveness Report 2009 by the World Economic Forum, India is ranked 11th in the Asia Pacific region and 62nd overall, moving up three places on the list of the world's attractive destinations. It is ranked the 14th best tourist destination for its natural resources and 24th for its cultural resources, with many World Heritage sites, both natural and cultural, rich fauna, and strong creative industries in the country. India also bagged 37th rank for its air transport network. The India travel and tourism industry ranked 5th in the long-term (10-year) growth and is expected to be the second largest employer in the world by 2019.
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