Lemon Tree Hotels got a nod from SEBI earlier this year for its Initial Public Offering (IPO). Rattan Keswani, Deputy Managing Director, Lemon Tree Hotels, talks about this landmark achievement and what it means for the group.
What are the latest happenings at Lemon Tree Hotels?
There are a lot of exciting things happening in the group. The recent one was the successful IPO; we opened hotels one after the other post that. It continues to be that way in the sense that we have about seven to eight openings due by the end of this fiscal. A fair amount of growth will also be seen in terms of inventory. From a managed piece, there are a few contracts in play. The market is firmer now and occupancies are stable even though it’s summer. Fortunately, Lemon Tree is still at an occupancy of 75-76 per cent, if you look at a pan India performance. Come October, we should be in for better times.
Did the Nipah virus affect Lemon Tree hotels in the South?
This story is from the August-September 2018 edition of Hospitality Talk.
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This story is from the August-September 2018 edition of Hospitality Talk.
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