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Mumbai to add 3,000 hotel rooms in three yrs
With the rising demand for hotel accommodation, especially from business travelers, Mumbai will see addition of over 3,000 hotel rooms in the next three years. The additions are expected to happen latest by 2011, according to a report by global hotel investment service firm Jones Lang LaSalle Hotels (JLLH).
“The majority of this new supply (about 51 per cent) is anticipated in 2008,” the report said, noting that the city witnessed about 7.3 mn international tourist arrivals in 2006-07 recording a growth of 9.2 per cent over the previous year. “Given Mumbai’s positioning as a commercial hub and logistic centre, business travel remains the key motivator for visiting Mumbai. However, the leisure segment has further potential for growth,” it added.
At present, Mumbai has 74 government approved hotels with a total count of 9,503 rooms. The study found that the new projects were mainly local brands, many of which are extensions of existing properties expanding to other parts of the city. Besides, several major international players like Four Seasons and Accor with Sofitel are also entering the market.
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