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The first Bookmark hotel will be in Manali on a revenue share model and will have 39 rooms and suites. The company plans to open 10 resorts here in the next three years
This is the company’s 100th hotel in the country and will be under the The Fern Shelter Resort brand. It will be fully operational by the end the month.
The property is expected to be operational by July 2026 and will be managed by its subsidiary, Carnation Hotels Private Limited
Leveraging the country’s G20 presidency, the ICC Cricket World Cup, and the resumption of foreign inbound travel, along with robust domestic leisure travel, the sector’s ARR should continue to inch higher in FY24, boosting RevPAR