Hospitality sector may see Rs 52K cr investment

Over the next two years, close to 80,000 hotel rooms are expected to come up in various categories across the country, according to Mr M.N. Javed, Deputy Director-General, Union Ministry of Tourism.

Currently, India has some 1,975 hotels with over one lakh rooms.

However, it is estimated that there is still a shortfall of about 1,50,000 hotel rooms.

"It is estimated that over the next two years 70,000-80,000 rooms will be added across different categories throughout the country," Mr Javed told Business Line.

Industry experts said that such a development would attract investments to the tune of Rs 52,000 crore.