FINANCIALS| Hotel Industry | '08 Vs '09

The Indian hotel industry posted dull numbers during the quarter and year ended March'09. The first half of the financial year 2008-09 was affected with financial crises whereas the second half was affected due to the terrorist attack in Mumbai.

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The occupancies of various places during the year has posted sharp decline. According to industry sources, the aggregate supply of cities like Delhi, Bangalore, Chennai, Hyderabad, Kolkata and Goa increased by 3 per cent to 18,447 rooms per day, but aggregate demand slid down by 12 per cent at 11,352 rooms per day.