Rating agency ICRABSE 1.22 % on Tuesday said Indian hotel industry revenue growth is expected to remain weak at 3-4 per cent during the first half of 2015-16.
According to a report by the rating agency, pan India occupancies are expected to improve by 2-4 per cent during 2015-16, leading to RevPAR growth of 3-5 per cent, even as supply growth curbs Average Room Rates (ARR) expansion. Room inventory in the country is expected to grow by 12 per cent during 2015-16, as compared to 4 ..
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