Monthly Archives: July 2015
The hotel market in Ahmedabad has seen resurgence in its performance since the Vibrant Gujarat Summit in January 2015. As per our estimates, the market has witnessed a 16 percent rise in YTD May 2015 over 2014 increase in performance despite more than 200 rooms having entered the market recently. Domestic and foreign passenger arrivals have also witnessed a significant increase. The city holds immense potential as a medical tourist destination and is well placed becoming a major commercial city in the country.