Luxury: The New Currency For Hotels
Branded and boutique hospitality players look at spreading their wings amid rising room tariffs and occupancy rates.
Branded and boutique hospitality players look at spreading their wings amid rising room tariffs and occupancy rates.
At 87, P.R.S. ‘Biki’ Oberoi faces the most challenging period in his career. One threat comes from a familiar foe: big hotel chains, and the other from an upstart: technology. The hotelier’s response: He was to close one of his most profitable properties for two years to renovate. Will his bold move pay off?