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Pune Hospitality sector buoyant
| August 30, 2008 |  (Be the first to rate this story!) Loading ... |
According to a report by Knight Frank, Pune will see 4,500 to 5,000 more hotel rooms across categories by 2010-11. Mr Atul Goel, Managing Director, Goel Ganga Group, says the boom in the hospitality segment is not ‘sudden.’ “And it has nothing much to do with the Commonwealth games planned in Pune. Developers had recognised the need and some had the floor plan ready or in the pipeline. Yes, with the advent of the Games, the acceleration took place in certain areas. The growth of the academic segment and IT/ITES certainly helped, coupled with high disposable incomes. “The manufacturing and automobile units in Pimpri-Chinchwad as well as Chakan and Ranjangaon Industrial areas contribute to an average of 55 per cent of the total room demand while the IT sector in the city contributes 45 per cent. The airline transit crew generates around 2-3 per cent of room nights annually in few four-star hotels.
Some of the new projects coming up in the Pune hotel industry include the Hyatt, JW Marriott, Leela, InterContinental, Starwood, Holiday Inn, Crowne Plaze, Westin and other international and national hotel chains. The special purpose vehicle floated for the Rs 360 crore-International Convention Centre (ICC) promoted by the Mahratta Chamber of Commerce, Industry and Agriculture will emerge as South Asia’s largest International Trade and Convention Centre with a 380-room hotel and 2,800 seat convention centre. Leela Group of Hotels is coming up with over 200 rooms of 5-star category, a business-cum-resort hotel near the Pune Golf Course; Radisson with 100-rooms promoted by the Runwal Group is under construction. Taj is venturing into Hinjewadi along with Padma Vihas Palace at Wanowrie with a 45-room boutique hotel and Ginger has its budget hotel in the Chinchwad area with 101 rooms. Accor, the Australian chain, is planning to come in with its signature brand Ibis under the budget hotel category.
News Published Under: Real Estate India, Hotel Industry in India |
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