Hotel charges in India are anticipated to rise by 7-10% in 2024, despite uncertainties surrounding occasions like the final election. Industry executives predict that the majority new provide shall be absorbed, and and key enterprise markets corresponding to Delhi and Mumbai and leisure markets such as Kashmir may see upto 15% increase in hotel room rates this yr. The company stated this strategic growth is a ‘pivotal milestone’ in Udman Hotels’ Pan-India development initiative and that the corporate has a vision to set new requirements within the sector by way of its 4 star properties. The company stated the property is ready to start operations on March 1, this year, and is ‘nicely positioned’ for easy accessibility. Last year, the BSE-listed co had launched 1,375 new rooms throughout 14 hotels, including India’s largest hotel – the 669-room Aurika Mumbai Skycity. With the state Congress regime’s second finances slated for Friday, hotels and restaurants are urgent the federal government for the industry status and easing out licensing challenges.

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