Sidestepping growth slowdown: Upscale business hotels see surge in bookings

However, according to industry estimates, there is a shortage of close to 100,000 rooms across different categories

The economic slowdown hasn’t dissuaded top company personnel from undertaking business trips and checking into upscale business hotels. If anything, amid the gloom and doom, the frequency of travel had only gone up, even though the duration of the stay shortened, said top officials at hospitality companies and firms that manage hotel assets. The trend has led to a widening gap between demand and supply. According to industry estimates, there is a shortage of close to 100,000 rooms across different categories.

The trend has led to a widening gap between demand and supply. According to industry estimates, there is a