Hotels in Gurgaon and the Rest of the Country Adopt the Plain Vanilla Room Concept to Tackle Recent Low Occupancy Rates.
The current global economic crash has affected one and all. Most of the industries are bearing the consequences of this massive economic slump. Countries like India that have seen unprecedented commercial and industrial growth in the last decade or so primarily due to the blooming of the IT sector and outsourcing have also been deeply affected by the global inflation and recession. Apart from the four metros, growth and development also touched other cities like Bangalore, Hyderabad and the four NCRs (National Capital Region) primarily Gurgaon and Noida. The latter two cities are no less than metros with excellent connectivity, admirable infrastructural growth and development and the presence of world famous companies and MNCs. Being near to the Capital also proved to be a definite advantage. The growth of business also meant the related and proportionate growth of the hospitality industry in these cities. Gurgaon being one of the first NCRs to be developed, most of the major hospitality groups have http://www.fortunehotels.in/hotel_gurgaon.aspx hotels in Gurgaon. Gurgaon being primarily a business hub, there are also exclusive business hotels in Gurgaon with all the modern and necessary business features like Wi-fi connectivity, conference halls, meeting rooms etc. However, with inflation and recession coming in, business suffered and so did the hospitality market. The occupancy rates fell drastically in certain cities. To tackle this dull spell, most of the hospitality giants are taking up alternative hospitality methods to churn out revenues like residential hotels, destination resorts, condo hotels, vacation ownership and private residents club. Important names in the hospitality industry are opening up apartments and some of the above mentioned properties in addition to their budget hotela in Gurgaon in order to generate revenues. These steps are also adopted by the hospitality sector for other important places and cities of the country.