InterGlobe Hotels considers Pune, Goa, Mumbai, Hyderabad & Bengaluru for expansion

In a recent interview, President and CEO of InterGlobe Hotels says, “We enter 2020 with enthusiasm and hope. We have 6 hotels with a total of approximately 1000 rooms under active development and are currently pursuing some very promising fresh deals in Pune, Goa, Mumbai, Hyderabad and Bengaluru. We expect the operating performance to generally improve as the fundamentals of the industry remain strong with a slowing supply graph and an improving demand curve which has historically been in the 8-10% range.”