Published On:December 23 2014
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Nearly 6,800 hotel rooms to come up in NCR, Mumbai next year.
Delhi-NCR and Mumbai are likely to witness significant increase in supply of hotel rooms with addition of nearly 6,800 keys by the end of 2015, according to a report by realty consultant Cushman & Wakefield.
So far this year, about 1,000 rooms have been added in these two major hospitality markets.
'Two prime markets in India, Delhi-NCR and Mumbai are expected to see an addition of 6,798 rooms by the end of 2015,' Cushman & Wakefield said in a statement.
During 2014, Delhi-NCR and Mumbai hospitality markets have shown a downward trend in Average Occupancy Rate (AOR) whilst the Average Daily Rate (ADR) in both cities have recorded an increase of 2 per cent.
ET