Royal Orchid plans to add 800 rooms over next 12-18 months | mumbai | Hindustan Times
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Royal Orchid plans to add 800 rooms over next 12-18 months

Buoyed by the resurgence in the domestic economy and pick up in demand, Bangalore-based hospitality chain, Orchid Hotels, plans to add 800 rooms in its company-owned properties across the country over the next 12-18 months.

mumbai Updated: May 30, 2010 16:07 IST

Buoyed by the resurgence in the domestic economy and pick up in demand, Bangalore-based hospitality chain, Orchid Hotels, plans to add 800 rooms in its company-owned properties across the country over the next 12-18 months, a top company official said.

"We plan to add 800 rooms over the next 12-18 months, which will take our total room capacity in our company-owned properties to 2,000 units," Royal Orchid Hotels Co-Promoter and President Keshav Baljee told PTI here.

Besides, the company is also looking at providing 2,000 rooms by 2015 in its hotels, which are under the management contract, Baljee said.

At present, the hospitality chain operates 13 hotels across India - Bangalore, Mysore, Pune, Jaipur, Goa, Ahmedabad and Mumbai.

Sounding bullish on the market, Baljee said that Royal Orchid was eyeing an occupancy rate in the range of 65-75 per cent in this year as against 50-55 per cent last year.

"The overall business climate has improved and it continues to do... Leasing has started. The IT market has seen a significant improvement, as companies are hiring, with lot of projects coming in... With that, travelling is also taking place, so there is sustainable scope for growth," he said.