Active Stocks
Tue Apr 16 2024 09:44:34
  1. Tata Steel share price
  2. 161.80 0.56%
  1. NTPC share price
  2. 359.00 -0.65%
  1. HDFC Bank share price
  2. 1,489.15 -0.39%
  1. Power Grid Corporation Of India share price
  2. 274.90 0.27%
  1. Infosys share price
  2. 1,448.75 -1.33%
Business News/ Industry / Lemon Tree Hotels signs 40-room hotel in Chirang under Keys Select brand
BackBack

Lemon Tree Hotels signs 40-room hotel in Chirang under Keys Select brand

After nearly two years, the covid-battered hospitality industry is on the path to recovery as hotels across the country inch back to pre-pandemic room rates and occupancy levels

The 40-key Chirang property, owned by Bharati Brahma, will be managed by Carnation Hotels, a subsidiary and the management arm of Lemon Tree Hotels.Premium
The 40-key Chirang property, owned by Bharati Brahma, will be managed by Carnation Hotels, a subsidiary and the management arm of Lemon Tree Hotels.

NEW DELHI: Lemon Tree Hotels on Tuesday announced its latest signing – Keys Select by Lemon Tree Hotels – in Chirang, Assam. The 40-key property, owned by Bharati Brahma, shall be managed by Carnation Hotels, a subsidiary and the management arm of Lemon Tree Hotels. The greenfield project is expected to open in June 2026.

Chirang, a new district in Assam, is home to Manas National Park, a UNESCO Natural World Heritage Site. 

Vikramjit Singh, president, Lemon Tree Hotels, said, “We are delighted to expand our reach in Assam with our valued partner Bharati Brahma. The state holds immense business and tourism potential as it is a preferred destination for both business and leisure travellers. Our next phase of growth would be driven by strategic, brand-defining hotel signings and openings that will provide a major uplift to our existing hotel portfolio and broaden our offerings for guests and owners".

After nearly two years, the covid-battered hospitality industry is on the path to recovery as hotels across the country inch back to pre-pandemic room rates and occupancy levels.

Several tier-I cities have gone back to pre-covid average room rates while leisure cities have long surpassed their pre-covid numbers. Companies like Radisson, Lemon Tree, Hilton, and others, are hoping this would be the quick turnaround that they had been looking for.

India's overall travel market will reach $125 billion by financial year 2026-27, according to ‘Travel market in India’ by RedCore, research firm RedSeer’s arm. The travel business in pre-pandemic India was at an estimated $75 billion in FY20. This will expand beyond $125 billion by FY27, taking into account both domestic travel, inbound and outbound travel by Indians, it said.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

ABOUT THE AUTHOR
Varuni Khosla
Varuni is an Assistant Editor at Mint. She writes engaging and informative stories on luxury brands, hospitality news, business of sports, business of advertising and marketing, gaming, tourism and travel, and the business of alcohol. She is skilled in communication, research, and analysis. Varuni is passionate about covering the latest trends and developments in the lifestyle and business sectors.
Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 31 May 2022, 01:54 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App