Smart Cities, Industrial Corridors, Make In India: Reflections on Hotel Industry
The hospitality industry which has been going through a period of distress for the last couple of years mainly because of the excess supply that has come in, and the inability of the market to absorb that supply due to poor business sentiments, is also waiting with bated breath on the sidelines to see how the whole sentiments would play out in coming months and years. Make in India, Smart Cities, Smart Cities All are promising propositions for the industry. Any kind of improvement in business climate would create more demand for hotel products, which ultimately would help in absorbing the excess supply. Once that happened, another spell of new investments will happen in the market, the industry watchers believe. Hospitality Biz
tried to gather the sentiments in the industry by speaking to key figures.