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What is Hotel Industry Profitability Trends about?

The hotel industry in India saw improved profitability in 2010-2011 compared to the previous two years following the global economic downturn: 1) Nationwide hotel occupancy was 68% in 2010-2011, matching 2007-2008 levels, and revenue per available room (revPAR), a measure of profitability, grew 10.7%. 2) Most major hotel chains like ITC, Indian Hotels Company, and EIH reported higher revenues and profits in the fourth quarter and fiscal year 2010-2011 as occupancy rates and demand improved. 3) While in

Author

Maybelyn Umali Catindig

Language

EN