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Indian hospitality industry shows signs of recovery

The hospitality industry in India is showing signs of recovery with hotels reporting an improvement in room occupancy in the third quarter of the calendar year, although it's helped by discounted room rates.

 Average room occupancy rate in the quarter ended September — traditionally the lowest period of business for hotels in the year — stood at 56.5 per cent, up from 53.2 per cent in the year-ago period. For the nine months to September, hotel occupancies were 58.2 per cent against 56. ..


 Read more at: http://economictimes.indiatimes.com/articleshow/45224592.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst