Sleeping in a box which is 2 meters long and a little over 1 meter high and wide is becoming the low cost, Japanese-style choice of thousands of international travelers.
This article challenges an industry paradigm that has since long held the Indian hotel industry back from exploring new avenues for revenue growthleisure lacks the ability to make money. Fact is, a healthy market for leisure hotels exists in India.
Among Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract (26.1% with 152,039 rooms) and In Construction (27.0% with 64,536 rooms).
Compared with Q3 2015, the Asia Pacific region reported a 1.9% increase in occupancy to 71.3%. However, average daily rate was down 1.9% to US$97.34, and revenue per available room (RevPAR) was nearly flat (-0.1% to US$69.44).