The company’s co-founder Devendra Parulekar said that there is a significant untapped market in India, with around 10,000 luxury holiday homes requiring effective inventory management solutions.
SaffronStays said it has seen a surge in demand for its top-tier properties, consistently maintaining 35-40% occupancy rates, or 120-150 days every year.
While it has so far focussed on Maharashtra, the company is planning to establish a stronger presence in Goa in the second half of this year.
“Anything above 40% occupancy is not healthy because it is then considered over utilization of an asset. We are comfortable with 30-40% since it is a home at the end of the day, and should not be fully commercialized," he added.
Denne historien er fra July 29, 2023-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra July 29, 2023-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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