With cities like Mumbai, NCR, Goa, and Hyderabad edging ahead of it, Ahmedabad is set to be the eighth most attractive destination of hotels by 2013, says a study by Knight Frank India Pvt Ltd, a leading global property consulting firm.
The research study on India’s hotel market provides an extensive scenario of the hotel market projecting the demand and supply dynamics of 10 major cities by the end of 2013. The study also assesses to measure the performance of the existing hotels in terms of ARRs, occupancy rates and other operational characteristics as well as analyses the present market condition regarding hotel development. The study encompasses 10 key cities in the hospitality industry namely NCR, Mumbai, Bengaluru, Goa, Pune, Jaipur, Hyderabad, Chennai, Kolkata and Ahmedabad.