A delegation of Asian American Hotel Owners Association (AAHOA) visited India last month scouting for partnerships with Indian developers and hoteliers, targeting the budget and mid-scale segments. According to AAHOA President Mukesh Mowji, the groups members are looking into opportunities outside the US for the first time.
According to some recent studies, India faces an estimated shortage of 300,000 hotel rooms. Another study by Federation Indian Chamber of Commerce and Industry (FICCI) and consulting firm Evaluserve, has urged India government to offer a 10-year tax rebate for new budget hotels in order to boost investment.
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