Room rates could increase between 8-12% amid strong demand, says Taj Hotels owner IHCL

[News Feeds]

Puneet Chhatwal, Managing Director and CEO at Indian Hotels Company Ltd says weddings in India could see a major boost as more Indians opt for domestic celebrations instead of overseas destination weddings. He adds that strong demand continuing to outpace supply is allowing hotels to raise room rates and absorb higher costs without hurting margins.

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