With demand being uncertain and average room rates under pressure, Bangalore is expected to add the highest numbers of keys in the luxury segment hotels. This would mean an increase of more than 100% in the total room inventory.
"Around 9,800 hotel rooms in the branded segment are slated to enter over the coming five years. At present, Bangalore's existing inventory stands at a little over 7,700 rooms," Sudeep Jain, executive vice president,Jones Lang LaSalle Hotels.
As per a report in ET by Sobia Khan quoting a Jones Lang LaSalle study, there are over 22 upcoming luxury hotel like Prestige Group'sHilton Hotels, Nitesh Estates's Ritz Carlton, Hyatt and Whitefield and JW Marriott in UB City which are at different stages of constructions.
"In terms of market performance, Bangalore initially numbered among the best-performing hotels markets in India, thereby attracting a number of developers to enter the hospitality," said Jain.
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