The hospitality sector in South India will see an addition of 14,500 new rooms in 178 star-rated hotels by the end of 2012. According to Southern India Hotels and Restaurants Association (SIHRA), this increase in rooms, especially in cities like Chennai, would keep the room tariff from increasing in the near future.
Currently, there are around 44,800 rooms in total of 595 star hotels in South India – around 243 in Tamil Nadu, 189 in Karnataka, 116 in Andhra Pradesh, 37 in Kerala and 10 in Puducherry. Around 178 hotels in the one-to-five star categories received approval from the government and are expected to be set up during 2012.
Speaking to Business Standard after the association’s 60th annual general meeting, SIHRA’s T Natarajan, Honoraray Secretary said that almost 4,000 more rooms, mainly in the premium segment, would be added in the next two years. At present, there are around 4,400 rooms in the region. The current occupancy rate, especially in Chennai, is around 90% during tourist seasons and 65-70% in off-season.
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