Why Business Events Are Driving Hotel Demand Across the Country
The demand for India’s hotel industry has witnessed a major shift with business events becoming a key driver for growth. Cities across the country are welcoming large groups of travellers to attend conferences, exhibitions, corporate meetings and incentive trips . The MICE sector is generating demand not only for hotel rooms, but for conference halls, banquet spaces, food and beverage, transportation and event services. This is making corporate groups more and more valuable to hotels of all sorts. BUSINESS TRAVEL INCREASINGLY DRIVEN BY EVENTS Today corporate travel is much more than individual executives attending meetings or taking short business trips. Companies increasingly use organized events to unite teams, clients, partners and industry professionals. People from different cities come for annual conferences, leadership meets, dealer meets, product launches and training programs. So you have a concentrated demand for accommodation at certain dates. MULTIPLE INCOME STREAM...