The Joint Cushman & Wakefield (C&W) and Confederation of Indian Industry (CII) report titled “Indian Hospitality Story 2012 & Beyond” was released at the 4th International CII Hospitality Fair-2012 on 20 September, the first day of the 3-day exhibition at New Delhi.
The report evaluates the hospitality sector dynamics of the top six cities of India - Bengaluru, Chennai, Delhi, Hyderabad, Kolkata and Mumbai and provides an overview on the performance, growth and outlook of the Indian Hospitality industry.
According to the report, the top six cities of India are expected to see a total of 50,000 new hotel rooms across categories in the next 5-6 years. This is in response to the steady growth the hospitality sector has recorded over the last few years. 2012 alone is expected to see 14,800 fresh keys by the end of the year. Out of the total expected supply for 2012, 2000 new hotel rooms have already entered the market.