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hospitality sector: 2024: Hospitality sector looks to tap opportunities in underserved Indian market

The hospitality sector in India is optimistic about the potential for growth in the underserved market in 2024, despite challenges such as long-term funding accessibility, high GST rates, talent acquisition, and complex business processes. In 2023, listed hotel companies reported double-digit revenue growth due to domestic demand, recovery in foreign tourist arrivals, and large global events like India s G20 Presidency and men s cricket World Cup. ....

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Fortune Park Hotels on expansion mode; opens sixth facility in TN

Fortune Park Hotels on expansion mode; opens sixth facility in TN
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Fortune Park Hotels on expansion mode; opens sixth facility in Tamil Nadu

Fortune Park Hotels currently has a presence in five other locations in Tamil Nadu including Vellore, Ootacamund, Madurai, Chennai, and Hosur. "The Fortune Park Tiruppur is our sixth milestone in Tamil Nadu. It is exciting to continue our successful stride into tier II and III markets aptly capturing the allure of cities like Tiruppur.." said Fortune Hotels Managing Director Samir MC in a statement. ....

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