Indian Hotel Review Report - Vol. 8

By On 04th April 2014

Horwath HTL and STR Global have pleasure in presenting a detailed overview of the Indian hotel market.
“2013 was a tough year – demand and room rates were stressed by a slow economy and the cumulative impact of continued supply growth since 2009; rising development and operating costs added pressure on margins and debt service ability. In turn, service quality has perceptibly declined and chinks are apparent in newly completed products where achieved quality is compromised – delayed projects carry decor suited for a 2010 opening but out of sync for a 2013 opening. Low returns, high land costs and interest rates, viability pressures and poor business confidence have slowed development activity. Slow operations, owner cash flows, delayed openings and drop in development pace have hurt hotel management companies.”

Click here to download our eighth edition of the Indian Hotel Review Report

Follow us

Friend me on FacebookFollow me on TwitterFollow my company on LinkedIn

Copyright 2016 Horwath HTL Limited. All right reserved.

Crowe Horwath International is a leading international network of separate and independent accounting and consulting firms that may be licensed to use "Crowe," "Crowe Horwath" or "Horwath" in connection with the provision of accounting, auditing, tax, consulting or other professional services to their clients. Crowe Horwath International itself is a nonpracticing entity and does not provide professional services in its own right. Neither Crowe Horwath International nor any member is liable or responsible for the professional services performed by any other member.