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Hoteliers Bet On Rising Occupancy Levels In FY20
Increasing travel for business and leisure has pushed occupancy to its highest in a decade.
18 Mar 2019, 02:27 PM IST
India’s hotel industry expects margins to improve as lack of fresh capacity and increasing travel for business and leisure has pushed occupancy to its highest in a decade.The hospitality sector, which clocked operating margins between 35 percent and 40 percent a decade ago, clawed back to 25-30 percent in the last financial year, according to Ambit Capital. The rising occupancy levels, the brokerage said, will lead to higher prices e...
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