Swiss hospitality chain Movenpick Hotels & Resorts has signed a management agreement to operate a new hotel in Kochi, its third property in India.
The 167-room hotel will be owned by ITMA Hotels India Private Ltd, an associate company of Jomer Properties & Investments. "India has tremendous potential for further growth in the domestic and international travel segments. Last year, revenues from domestic tourism rose by 5% and that figure is expected to increase to 8 per cent ..
Read more at: http://economictimes.indiatimes.com/articleshow/35482357.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
The 167-room hotel will be owned by ITMA Hotels India Private Ltd, an associate company of Jomer Properties & Investments. "India has tremendous potential for further growth in the domestic and international travel segments. Last year, revenues from domestic tourism rose by 5% and that figure is expected to increase to 8 per cent ..
Read more at: http://economictimes.indiatimes.com/articleshow/35482357.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst