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Typically, a hotel from construction stage to getting operational takes 3-4 years, said Nandivardhan Jain, CEO of Noesis Capital Advisors. However, in the case of Ayodhya, various permissions could be fast-tracked and, so, the demand for manpower is expected to pour in within 18 to 24 months, he added.
Lemon Tree Hotels has established a niche for itself in the mid-market segment and is expanding its presence in the top segment. The company is expected to benefit from rising demand and slower supply in key markets like NCR and Mumbai. The recent opening of mega convention centers in these cities will bring significant changes in dynamics.