The supply of hotel rooms in West Bengal is on the rise, with the total number of rooms in the Indian state expected to increase by around 35% by the end of the fiscal year.
The Economic Times reported Sudesh Poddar, president of Hotel & Restaurant Association of Eastern India (HRAEI), as saying that room supply is expanding especially strongly in Kolkata.
“We have a total of approximately 5,500 keys in Kolkata between two-star and five-star facilities which is expected to touch 7,500 by the end of 2016-17, with a series of brands throwing open their gates in the city,” Poddar was quoted saying.
And according to HRAEI, around INR35-40 billion (US$526-601 million) will be invested in the upcoming three- to five-star hotel projects.
“Since there is a lack of adequate banquet facilities, especially for more than 2,000 people, these brands would ideally target social events, banqueting and marriage facilities. The target audience of these hotels would also include business clients, IT sector and transit passengers,” Poddar stated.
New international hotel brands entering Kolkata will include IHG’s Holiday Inn, Starwood’s Westin, Carlson Rezidor’s Radisson Blu, and Marriott’s JW Marriott. Indian hotel group ITC is also planning to launch its second property in the city.
The improved air traffic in the city along with high occupancy in the existing star-rated properties is said to be enticing more hotel groups to set up in Kolkata.
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