Over 30,000 branded hotel rooms to be developed in India by 2021-22

An HVS report titled ‘Hotels in India: Trends and Opportunities’ forecasts over 30,000 branded hotel rooms to be developed in the country over the next three years, taking the total anticipated branded supply to 1,49,276 rooms by 2021-22. The highest percentages of supply actively under development are in Chennai (94 per cent), followed by Hyderabad (89 per cent) and Bengaluru (72 per cent). The mid market segment continues to dominate the new supply pipeline accounting for 44.1 per cent of the proposed rooms.