HAS INTERNATIONAL

According to a research study conducted by HVS International, there’s a strong positive correlation between the hotel demand and commercial development especially in areas where IT/ITes is growing at a blistering pace. Due to this, the southern region, especially Bangalore is in the hit list of almost every hotelier. Indian Hotels Company (IHC), ITC and Shangri La are some of the players scouting for a market share in the Indian Silicon Valley. Not only are five-star properties having a ball, huge growth can be witnessed in other segments too. The highest annual growth in average rates, in terms of rupee, was witnessed in the five-star (28.8%) and five-star deluxe (26.6%) categories Followed by the four-stars (23.0%) & three star category (11.7%).

For Complete IIPM-Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006

Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)