Bangalore: It's been called the city of pubs, the Garden City and more recently, India's Silicon Valley. Now Bangalore is ready for another flattering title of the fast-emerging, up and coming hospitality hub.
In the next three years, the city will be ready to play a rich host to its ever-increasing number of tourists with 35 new hotels and 8,000 additional rooms.
The mammoth task would mean an investment of Rs 3,000 crore.
"I think the demand is there and provided that the demand outstrips supply, there will be that inequity between rooms for guests and corporates who are flying in," General Manager Leela Palace Hotel, Rudy Oretti says.
The ITC Group is building a 230-room luxury hotel and plans another one. The Taj Group and Bharat Hotels are finalising projects, and the Leela Palace and Resorts is adding 105 rooms to its property.
Global chains such as JW Marriott, Hilton and Radisson are also said to be eyeing Bangalore.
Most of the new hotels are expected to be ready by 2008 which is when the new international airport will also start functioning.
A report by global property consultant DTZ says that in three years, the luxury segment will grow by 3,500 rooms with investment of Rs 1,500 crore.
The up-market segment will get 2,400 more rooms and the mid-market segment will have 1,800 additional rooms. The budget and economy segment will grow by 500 rooms.
Even with the new projects experts anticipate a shortfall of a few thousnd rooms, Bangalore’s appetite for more and luxurious does not look like it’s easy to satiate.
courtesy:-CNN IBN
Let me guess - the hotel industry is probably growing because of the booming IT.
ReplyDeletemy guess partII - the hotel industry will be much like a one night stand without the government taking interest in building roads and highways.
ha ha guess u from bangalore very true roads are in pathatic condition
ReplyDelete