NEW DELHI: India's organised hotels industry added a record 14,000 rooms in 2023, hospitality consultancy Horwath HTL Consultants said in a new report accessed exclusively by Mint. This year, it's expected to add even more 23,000 rooms.
Among the newly-launched hotels last year was Lemon Tree Hotels' Aurika Mumbai Skycity with close to 700 rooms.
The company opened the hotel in October and despite it being a very large-inventory hotel, it filled up fast. "Normally Dussehra and Diwali are lower periods for the entire industry, but the hotel was net. à positive starting that quarter itself. It will be the most profitable hotel for the group next year," Patanjali G. Keswani, chairman and managing director, Lemon Tree Hotels, told Mint.
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