Quote: “Hotels are an asset class for investors looking for annuity returns over a multi-decade period and a great avenue for investors looking to diversify their real estate investment portfolio with relatively low barriers to entry. The hospitality sector which was severely impacted by coronavirus has now shown strength and is now on course to recovery. Currently, hotels in the leisure segment are performing better than in FY 20. The Average Daily Rate (ADR) has seen a tremendous upside in the leisure market for example in places like Goa there are no discounts or offers for the current month while city hotels are yet to catch up with a lag. Like Singapore, the supply of upcoming hotels is quite limited in India” – Nikhil Shah, Director, Hospitality, Colliers India.
. Colliers excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers and /or its licensor(s). © 2022. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement.
No comments:
Post a Comment