Despite, the economic slowdown, global majors see positives in the hotel business in India. Reasons could be the crash in landprices and the demand for hotels in major cities. Many leading players have announced new projects in the sector. Hyatt, has announced its intention to acquire 20 properties in tier I & tier II cities in India. Similarly, Marriott International is proceeding with its plans to build 7 hotels in Indian cities. Hilton group has also announced its premium brand hotel ‘Doubletree’ in Gurgaon.

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