Business Today

High Hopes

With occupancy hitting a decade high, hoteliers believe an upturn is in sight; but the early signs are far from conclusive.

Delhi based Umesh Saraf is a seasoned hotelier. He owns 14 hotels in India and Nepal, including properties such as Hyatt Regency, Hyatt Andaz and The Grand in New Delhi, and Grand Hyatt in Mumbai. With a series of distressed hotels coming up for sale, hotel

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