ARPIT PANT

Q3, a review

We had a good start to the year and our member hotels have shown a 28 per cent year-on-year growth in revenue through bookings from Preferred Hotels & Resorts’ channels. We have welcomed three new hotel members - JA Manafaru (from the Maldives), Mosaic Hotels (from Mussoorie), and Gokulam Grand Hotel & Spa (from Bengaluru).

An ideal market for hotels

India is the world’s only trillion-dollar economy to rank amongst the world’s top five fastest growing economies. The Indian hotel segment has seen an influx of international brands marking their presence. Whilst the independent hotel space still has scope to mature and come forward, Preferred Hotels & Resorts has curated an incredible collection of heritage as well as contemporary