After a lull that lasted more than two years, hotels on Chennai's IT Hub – the Old Mahabalipuram Road, or OMR – are seeing greater business with more people checking in. Occupancy levels have increased to 85-90 per cent during the weekdays.
As per a report in Hindu Business Line, the prime part of the stretch, 20 km southwards from Taramani, alone has over a thousand IT and ITES companies. A clutch of hotels have sprung up in the vicinity – Ginger, Fortune, Aloft, Sabari Classic, Asiana – with close to 800 rooms in all and tariff ranging between Rs 2,800 and Rs 21,000.
Over 80 per cent of all the hotel rooms on this stretch are sold to corporate clients, largely through annual contracts. With the IT industry doing well now, occupancies are rising and consequently, room rates are firming up here, says Mr Krishnakumar Menon, General Manager, of the 130-room Aloft. Aloft is a brand of the US-based Starwood Hotels and Resorts. “I am bullish about the business on this stretch,” he says. According to him, there has been a steady growth in occupancy levels in the last two months. “And we now enjoy 70-75 per cent occupancy on an average during week days.”
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