Branded hotel rooms cross 1 lakh mark in FY2014

Occupancy rates reverse, rise by 59%

The financial year 2013-2014 has been good for the Indian hospitality sector with occupancy rates taking an upward turn, breaking the three-year streak of declining nationwide occupancy rates for the first time since FY2011. Branded/organised hotel rooms crossed the 1-lakh mark (to reach 1,03,855) in FY 2014, an increase of 10.2 per cent (of 9,600 branded rooms) over the previous year.

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