Indian hotels added record rooms in 2023
Hindustan Times|February 07, 2024
India's hotels industry staged a sharp revival in 2023, as people rushed out in revenge travel after being confined to their homes by the pandemic for months on end.
Varuni Khosla
Indian hotels added record rooms in 2023

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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