Talking to Business Standard, Vilas Pawar, chief executive officer, Choice Hotels, India, who was here to announce expansion plans of Choice Hotels in the region, said the price hike might have forced big players to revise their room tariffs, but for budget hotels there was no need to panic.
He added that the pricing of budget hotels was competitive and so there was no need for them to revise the room tariffs.
Elaborating on the regional expansion plans of Choice Hotels, Pawar said the company's first hotel in Punjab would be opened in Amritsar by the end of August. The 40-room Inn hotel in Amritsar will offer all amenities to travellers.
Pawar said Choice Hotels had also tied up for the 60-room Quality Inn Hotel in Zirakpur.
The hotel, spread over an area of 1 acre, will be operational from next year and will offer Restro-bar, Discotheque and Health Club facilities to travellers.
Apart from this, the company has also signed an agreement for a 51-room hotel at Baddi, which will be operational by the end of this year.
Commenting on the other projects, Pawar said the group would build hotels in Ludhiana and Bhatinda.
Commenting on opening a hotel in tricity (Mohali, Chandigarh, and Panchkula), Pawar said discussions were on for opening a hotel in Mohali, but nothing had been finalised.
Choice Hotels International manages around 500 hotels in 44 countries.
In India the group is managing 25 hotels, 18 hotels are under construction and there are plans to manage around 70 hotels in the country in three years.
