LNPR CAPITAL
February 27, 2025 at 05:47 AM
Ajay Bakaya of Sarovar Hotels Says
Mahakumbh was a big opportunity for India
Company's all hotels in Lucknow and surrounding areas have seen twice or more demand during Mahakumbh
Lucknow hotel prices were 50 to 60% above normal
See future of spiritual tourism booming
Demand in spiritual tourism is multiplying
For next 5 to 10 years, there will be high demand in spiritual tourism
Sarovar Hotels Says
In future, hotel rates will go up and occupancy will further strengthen
Around 30 hotels will start coming online in Ayodhya in FY27/28
By FY2035, there will be 3000 rooms in Ayodhya
Demand for hotel rooms is expected to be high going forward as well
County will learn from the Mahakumbh experience
Tourism Industry should be given infrastructure status