Room with a Queue ; More Than 37,000 Hotel Rooms, at a Cost of $3 Billion, Are Expected to Be Added Over the Next Three Years. That's More Than the 'Branded' Rooms India Currently Has.

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Best Western to establish 100 hotels and 10,000 rooms under its umbrella in India Berggruen Hotels announces $100 million investment to set up 38 hotels in India

Hilton to invest $143 million to set up 70 hotels in association with DLF

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Room with a Queue ; More Than 37,000 Hotel Rooms, at a Cost of $3 Billion, Are Expected to Be Added Over the Next Three Years. That's More Than the 'Branded' Rooms India Currently Has.

These are just some of the headlines that have hit the newspapers in the recent past. There are dozens of other investors, existing and new, who have announced plans of plunging into India's booming hospitality industry. In fact, there's so much money coming in--at least on paper--that investors would be mad to think that there's room enough for all. "Probably not (mad)," says Prithvi Raj Singh Oberoi, the 78-year old Chairman and CEO, EIH (read: the Oberoi Group). "But then, announcements come for free in this country," chuckles the septuagenarian, as an afterthought.

Oberoi isn't being a cynic. "The economy's growth rate, at 9.4 per cent, eventually had to have a cascading effect on investments in the hospitality sector," he p...

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