Tuesday, July 11, 2017

Lords Hotels to launch four hotels in Nepal by year end

Lords Hotels & Resorts plans to open two hotels in Nepal this year. The hotel group is focusing towards achieving 68 per cent growth in their overall average room occupancy by the end of fiscal year 2017, according to the group that presently operates 26 hotels with an inventory of 1,544 rooms under its belt.
"Last year, Lords Hotels Group recorded an average room occupancy of 64 per cent," said Lords Hotels & Resorts vice president Rishi Puri. "We recently opened a 110-room hotel in Nepal and will add four more hotels to our portfolio by the end of 2017," he said, adding that considering the expansion spree, the company is hopeful of achieving 68 per cent average room occupancy.
The mid-market hotel brand currently operates 15 hotels in Gujarat alone apart from in some other popular destinations like Agra, Bengaluru, Jammu and Kashmir, Rajasthan and Kerala.
Overall, corporate travel segment has been the best performing traveller segment for the Lords Hotels & Resorts followed by the pilgrim travel segment. "Corporate travellers since the start have been the main contributors for us across all our hotels," explained Puri.
We have to trade with caution. Though the government decisions have hit us hard, we are trying to adjust,” he said.

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